Properties

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.

Property Details
Active Under Contract
No
$3, 332
2020
0
DTC
Other, Public
4, 792 Sqft
TBD
$67
Unknown
Other, Pets - Allowed, Pets - Cats Allowed, Pets - Do
Multi-Family
Location
135 North Main Street
NH-Strafford
US
NH
Rochester
03867
NH-Strafford
Chamberlain Street School
Rochester School District
Rochester Middle School
Spaulding High School
No
Head north on Columbus avenue until you reach South Main. Stay slightly right until you reach Wakefield St. Then turn left onto union. Turn right onto North main and the destination will be on the right side of the street
Exterior
: Off Street
Wood Frame
Concrete
Shingle
Existing
0
Open, Other, Sidewalks, Street Lights
None
Interior
: Dirt
Utilities
Public
: Gas Heater
: Other
Public
100 Amp, Fuses
Gas - Natural
Cable, Gas - At Street, High Speed Intrnt -Avail, Telephone Available, Underground Utilities
Listing Info
Andy
Yau
RE/MAX Shoreline

For Sale

135 North Main Street, Rochester, New Hampshire 03867

2,536 Sqft
$169,900
RE/MAX Shoreline
Andy Yau
MLS # 4840449
Basic Info
Property Type :
Listing Type : For Sale
Price : $169, 900
Lot Area : 0.11 Acre
Square Footage : 2, 536 Sqft
Year Built : 1920
MLS # : 4840449
Days On Market : 279
Agent info
Cowan & Zellers
Contact Agent