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135 North Main Street

Rochester, NH 03867
  • $169,900
  • STATUS: Active
  • ON SITE: 240 days
  • MLS #: 4840738
UPDATED: 70 min ago
$169,900
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Courtesy of Andy Yau of Re/Max Shoreline.

Description

PRICE INCREASE FOR NEW 50 YEAR WARRANTY ROOF AND NEW ROOF SHEATHING PLYWOOD. Investors, flippers, and contractors take notice! Check out this incredible deal, with a great cap rate, in one of the hottest markets in Strafford county! There is unlimited potential, with potential gross income over $42,000 annually, and current expenses below $6,000. Where else can you find three units for only $55,633 a piece? Bring your toolbox and painting supplies, and bring this tired investment back to life. This is the perfect property to execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy. Rehab the property and complete a cash out refinance with your built-in sweat equity, then repeat the process again with your refinance proceeds utilized for your next project. This investment consists of two residential units and a commercial unit. The lower level consists of large open-space rooms, perfect for a growing business. The second floor boasts two residential units with two bedrooms each. The unit on the right includes a bonus room and an attic that is perfect for storage. Enjoy the red suede kitchen, accompanied by its stunning brick walls and wood-frame panels. This investment offers many advantages including separate utilities, plenty of parking out back, and more! That is not all: The location cannot get any better, as tenants are located in the heart of downtown and are only a short distance from the Cocheco River, restaurants, convenience stores, and major routes.

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© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-08-01T13:05:44.803.
www.signaturepropertiesvt.com/homes/112375746
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135 North Main Street Rochester, NH 03867

  • Price: $169,900
  • Status: Active
  • Updated: 70 min ago
  • MLS #: 4840738
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1920
Built
Neighborhood:
Rochester
County:
Strafford
Area:
Rochester
Property Description
PRICE INCREASE FOR NEW 50 YEAR WARRANTY ROOF AND NEW ROOF SHEATHING PLYWOOD. Investors, flippers, and contractors take notice! Check out this incredible deal, with a great cap rate, in one of the hottest markets in Strafford county! There is unlimited potential, with potential gross income over $42,000 annually, and current expenses below $6,000. Where else can you find three units for only $55,633 a piece? Bring your toolbox and painting supplies, and bring this tired investment back to life. This is the perfect property to execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy. Rehab the property and complete a cash out refinance with your built-in sweat equity, then repeat the process again with your refinance proceeds utilized for your next project. This investment consists of two residential units and a commercial unit. The lower level consists of large open-space rooms, perfect for a growing business. The second floor boasts two residential units with two bedrooms each. The unit on the right includes a bonus room and an attic that is perfect for storage. Enjoy the red suede kitchen, accompanied by its stunning brick walls and wood-frame panels. This investment offers many advantages including separate utilities, plenty of parking out back, and more! That is not all: The location cannot get any better, as tenants are located in the heart of downtown and are only a short distance from the Cocheco River, restaurants, convenience stores, and major routes.
Exterior Features

Construction Wood Frame Exterior Vinyl Parking Off-SiteOff Street Road Frontage Yes Roof Shingle - Asphalt

Interior Features

Basement Yes Basement Access Type Walk-Up Basement Description DirtDirt Floor Cooling Other Foundation Concrete Heating BaseboardForced AirGas HeaterHot AirHot WaterOther Sq Ft Total Building 2536 Total Elevators 0

Property Features

Auction No Cable Company Comcast Commercial Features Other Electric 100 Amp Electric Company Eversource Flood Zone No Fuel Company Unitil Gross Income 33600 Heat Fuel Gas - Natural Available Investment Info Yes Natural Gas Available Yes Net Income 27896 Phone Company Comcast Pre Construction No Sale Includes BuildingLand OnlyLand/BuildingLand/Building/BusinessOther Seasonal No Sewer Public Sub Property Type BusinessDevelopmentHospitalityIndustrialInvestmentMulti-FamilyOfficeOpportunityOtherRetail Sub Property Type Use Amusement/RecreationBed/BreakfastBusiness OnlyBusiness W/ Real EstateConvenience StoreCountry StoreFood ServiceFree Standing BuildingHistoric BuildingIndustrialLight ManufacturingLodgingMill BuildingOffice BuildingOffice CondoOtherRetail CondoRetail StripSelf StorageShopping MallStorefrontWarehouse Tax Gross Amount 3332 Tax Year 2019 Taxes Tbd No Utilities CableCable - At SiteCable - AvailableGas - At StreetGas - UndergroundHigh Speed Intrnt -AvailInternet - CableSatelliteTelephone At SiteTelephone AvailableUnderground UtilitiesOther Vacancy Factor 0 Water Public Zoning Dtc

Courtesy of Andy Yau of Re/Max Shoreline.


© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-08-01T13:05:44.803.
 
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Signature Properties of Vermont
1 Towne Marketplace Suite 18
Essex Junction VT, 05452
Courtesy of Andy Yau of Re/Max Shoreline.