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Listed by Nick Gray • Gray Property Group, LLC
$ 699,900
Est. payment | /mo
6 Beds
3 Baths
3,848 SqFt
$ 699,900
Est. payment | /mo
6 Beds
3 Baths
3,848 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,848 sqft
Price per Sqft $181
MLS Listing ID 5027162
Bedrooms 6
Full Baths 3
Construction Status Existing
Year Built 1801
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Large, fully-occupied 4-unit multifamily property near Downtown Rochester consisting of four spacious 2-bedroom, 1-bathroom units. This property has been significantly improved by the current owner, who has recently turned two of the apartments and increased rents across all four units. Income is terrific at $7,780/month ($1,945/unit/month) or ~$93K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity and the landlord pays for only water/sewer. The property's ~$65K/year in NOI makes this listing a 9.3% cap. The property provides four off-street parking spaces and ample street parking is available in the immediate vicinity. Owner is a real estate licensee.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning R2
Rooms
Basement Entrance Interior
Basement Full
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Shingle - Asphalt
Building
Story 3
Foundation Block, Brick, Stone
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
