NEW CONSTRUCTION: Either a two unit or a condex. Superior construction techniques including: ICF construction, radiant heat in lower floor including heated garage, mini splits for upper heat and all AC, low maintenance materials for exterior, stone type kitchen counters, options on flooring. Appliances for the kitchen include refrigerator, cooking range (either electric or lp gas) and dishwasher. Each unit contains three bedrooms and three bathes, 1800 sq ft of living space and a large garage. As a full building owner you can create a complex for family living, or use the second unit for income PLUS ADDITIONALLY units can easily become condos with a simple process. The driveway includes paving. The hot water system is an on-demand 120,000 BTU heater that provides domestic hot water and heating for the radiant floors... efficient and space saving. As an early buyer you can work with the builder to make decisions about colors, materials and personal tastes. Location is great for using Spaulding Turnpike or Rte 125. All major services are a short distance yet living in a country setting with nearly 6 acres of your own land. Frontage is on Dry Hill Road, a public road and serviced. Septic is private and water provided by an artesian well. Pricing is exceptional for this kind of housing in new and high performance standards.
Investors and first time home buyers you don't want to miss this opportunity! A beautiful Victorian duplex with two 2 bedroom , 1 bath units with protentional for a third unit in partially finished attic space. Situated in a quiet neighborhood with plenty of off street parking, close to shopping , public pool, restaurant's and all major routes. Both units have separate entrances and a double entry shared basement along with separate utilities. Farmers porch, 2 car detached garage and spacious yard are just a few more reasons you need to come see this property and make it yours. Delayed showings start at the open house Saturday November 23rd 10am-12pm.
Welcome to 88 Charles St! A stately old New Englander with some wonderful charm. Located in a prominent part of the city with many older homes of similar character. This 2 1/2 story, 2 family home stands tall and straight and proud of her heritage. This is a wonderful opportunity for an owner occupant or investors alike. With 3 bedrooms for each unit and a common area for laundry hookups, the upside potential is enormous. Vinyl siding, replacement windows, a newer roof and heating systems make for easy maintenance. And the large backyard is a wonderful bonus! Add the unused, but also well kept, 2 story attached barn into the mix and the possibilities are endless. With the proper permits a 3rd large apartment, an in home business, an expansion for the owner occupant or enough storage to satisfy anyone. This property currently has 2 long term tenants that have enjoyed many years in this location. Located within walking distance to all of the city amenities including schools, daycare, restaurants and stores. Don't let this one get away! Scheduled Showings begin on Saturday afternoon, 10/26, from 1-3.
This spacious 3-unit multifamily generates over $74,000 gross income annually. With an 8.26% cap rate & fully leased, this will be an easy transfer and a quick close is possible. Perfect opportunity for a first time investor or a 1031 Exchange. Sited on an open, level, corner lot this property offers over 4000 square feet of finished living space featuring updated kitchens, hardwood floors and vinyl siding to name a few. Wiring and plumbing updates as well as a new roof w/in the past 8 years in addition to an extensive list of more recent improvements. Ample off-street parking available for tenants in addition to several designated public parking spaces on Waldron Ave. Excellent proximity to downtown, highways, hospitals, shopping & schools. Delayed Showings begin Friday, 10/18/24.
Well updated, large duplex showcasing ownerâ??s pride, offering two spacious 4-bedroom units, making this a perfect investment opportunity without the worry of maintenance issues. The new kitchens feature granite countertops and new hickory cabinets. They are also equipped with brand-new stainless steel appliances and beautiful tile backsplashes. All new luxury vinyl and tile flooring have been installed, along with fresh paint throughout. Enjoy the charm of the new oak front entrance and steps, paired with brand-new heating systems. Both bathrooms have been updated, featuring new white railing/spindles that provide a modern touch. Washer/dryers are included in both units, and the property has separate utilities. A well-maintained basement, open for storage, adds to the propertyâ??s value. Outside, enjoy a newly sealed driveway, a spacious backyard with grills, patio furniture, and a gazebo, all of which are included with the property sale. Tenants benefit from common area amenities such as a gazebo, picnic table, and fire pit. Act fast, as this opportunity wonâ??t last long.
Cash Cow!!! Estimated CASHFLOW of $2899.65/month with 25% down. 9.74% CAP RATE. Condo approval in place! Updated and well cared for buildings. Room to increase rents and CASHFLOW!!
CASH COW, CASHFLOW estimated at $2064/month with 25% down. 4-Unit 8.95% Cap . 7-11 Ela Court ALL units have been recently renovated! Room to increase rents and CASHFLOW!
Discover this prime 5-unit multifamily property situated on a corner lot in the heart of Rochester. Perfect for either first time investors or those looking to expand their portfolio. Conveniently located near local amenities, schools, and parks, this property is poised for future growth. Don't miss this rare opportunity to capitalize on thriving Rochester. Seller has all necessary condominium conversion approvals in hand.
OPEN HOUSE SAT 1-3PM** Location, Location, Location! This exceptional mixed-use duplex offers unparalleled access in the heart of downtown, the fastest-growing city in Seacoast New Hampshire by construction starts. Perfect for investors with a potential cap rate of 9.38% or for entrepreneurs looking to establish their business in a thriving area. Be part of the largest city in the seacoast by both population and land mass, and capitalize on a wave of exciting development projects in a dynamic and flourishing community. The upstairs unit has been completely renovated, exuding character with beautiful hardwood floors and crown molding throughout. The spacious living room features built-in cabinets and high ceilings, while the bedrooms boast large windows that flood the space with natural light and offer incredible views of bustling downtown Rochester. The dining area is adorned with elegant gray wainscoting, white tones, and recessed lighting. Classic architectural details, including curved walls and an archway, lead seamlessly into the kitchen, which showcases an earthy tile backsplash, white finish cabinetry, and tin ceilings. This unit also has the potential to be converted into a 3-bedroom for additional cash flow. The lower commercial unit provides over 1,000 square feet of open space, ideal for retail or office use. Large front windows ensure ample natural light and visibility, while character abounds with hardwood floors and tin ceilings. Act fast as this will not last.
Look no further for the ideal triplex investment in sought-after Gonic, Rochester, boasting incredible Cocheco River views. This is the perfect opportunity for value-add, with a potential cap rate exceeding 13%. The building impresses with its sharp siding and a young roof, enhancing its curb appeal. Tenants enjoy Cocheco River frontage right from the steps of their large backyard, and 180 degree views from their units. Canoe and fish at the river right from their convenience. The building is well maintained by the tenants who enjoy living in the space. Tour the units and experience its character, featuring beautiful hardwood floors, tin ceilings, exposed wood beams, and crown molding. The property benefits from low expenses thanks to separate utilities and there is parking on an adjacent lot. That is not all, enjoy being in the Gonic school district, with proximity to the public school and pool. Act fast as this will not last. Enjoy the convenience of location being 2.5 miles to downtown Rochester, .5 miles to route 16, 20 miles to Portsmouth. Delayed private showings begin on Saturday, June 22 between 12 to 2PM.
Affordable fixer upper mix use duplex or an underpriced pre-existing multifamily lot in the heart of downtown. Purchase this property as a package with MLS #4995411. The new owner could increase the lot size and boundary lines with the property next door, to fit a larger new structure. Alternatively fix the existing structure with low costs due to its small size. The property is in need of extensive rehab, but could be an opportunity as a brrrr candidate. Downtown commercial zoning offers no setback requirements and relaxed density requirements for potential additional units. This is the perfect candidate to reap the incredible benefits of a qualified opportunity fund, and local 79E tax benefits. Located in up and coming Rochester, the largest city in the Seacoast region by land-mass and population. Embrace a unique investment opportunity in a city brimming with development activity, with major projects like the ridge expansion and the Hoffman project, solidifying its position as the leading seacoast city for construction starts. Offers as a package will take precedence.
Immaculately remodeled in 2020, this mix-use property boasts a comprehensive renovation that encompassed all aspects of the home, from electrical and plumbing to heating, windows, roofing, siding, and beyond. You'll immediately be drawn to this property's charming curb appeal, accentuated by its bold blue vinyl siding, carefully detailed exterior wrap trim, and new decks. This unique property offers the best of both worlds, with a thriving commercial space on the ground floor and a cozy 2BR apartment above. Inside, you'll find the perfect blend of modern elegance, featuring sleek recessed lighting and exquisite luxury vinyl flooring. Fully separated utilities, featuring efficient mini-splits, including separate w&s utilities, makes it an ideal, easy low-expense investment. This ideal setup allows for a sought-after triple net lease, making it a 'set and forget' investment. Positioned in the heart of downtown Rochester, this lot is expansive and oversized, with the potential to build an additional 7+ residential units outback, whether its for multifamily or condos. The property was a pre-existing multifamily lot and is zoned DTC which does not have a density requirement, giving the property a significant amount of versatility. Thats not all, it is the perfect candidate to reap the incredible benefits of a qualified opportunity fund. Invest in up and coming Rochester, the largest city in the Seacoast by land-mass and population.
Highly sought-after waterfront quadplex on a large 1.62-acre lot in East Rochester, with the potential to subdivide a separate waterfront multifamily parcel. On the market for the first time in over 45 years, showcasing decades of prideful ownership. Small apartments no more, as the buildings massive 4500+ square feet of living space, gives units ideal layouts with spacious living/dining rooms, large kitchens, and multiple bedrooms for maximum income. Large units and separate utilities allows for low expenses and a potential cap rate over 9.6%. Owners and tenants savor the privledge of having direct access to the Salmon River and providing the perfect setting to canoe and fish from the doorsteps of their home. Tour through the units and experience its character and charm. The largest unit features stunning hardwood floors, chamber ceilings and beautiful crown molding. Explore the enhanced features in other units, such as updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, an open kitchen layout, and stylish brick backsplash. There is additional attic space which can be utilized as storage or expansion for additional living space. Thats not all, tenants enjoy an open backyard, 2 car garage, plenty of parking, and convenience of location. 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Zoning density may allow for additional units to be built outback with a special exception.
BACK ON MARKET due to financing. Previously under contract for significantly higher. $55,000 price drop. Property price is already adjusted to reflect the work needed***Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, youâ??ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.
Rochester is located in New Hampshire. Rochester, New Hampshire has a population of 32,317. Rochester is less family-centric than the surrounding county with 25.79% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Rochester, New Hampshire is $70,582. The median household income for the surrounding county is $76,560 compared to the national median of $69,021. The median age of people living in Rochester is 42.6 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 13.7 degrees. The average rainfall is approximately 48.5 inches per year, with 51.4 inches of snow per year.
