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Off market
  • $372,900

    135 N Main St, Rochester, NH 03867

    4beds
    0baths
    2,536sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $372,900 Zestimate®
    $147/sqft
    $2,043 Estimated rent

    Owner options

    List your home for rent

    $2,043/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

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    $2,043/mo

    Rent Zestimate®

    Refinance and save

    $2,080/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $2,080/mo

    Est. payment

    What's special

    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.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 0
    Heating
    • Gas
    Cooling
    • Other
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 2,536 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 4,791 sqft
    Details
    • Parcel number: RCHEM0121B0346L0000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: 100 Amp, Fuses
    • Sewer: Public
    • Utilities for property: High Speed Intrnt -Avail, Cable, Telephone Available, Gas - At Street, Underground Utilities

    Community & neighborhood

    Location
    • Region: Rochester

    Other

    Other facts
    • Construction: Wood Frame
    • Foundation: Concrete
    • Heat Fuel: Gas - Natural
    • Roads: Public, Other
    • Sewer: Public
    • Trash: Municipal
    • Water: Public
    • Surveyed: Unknown
    • Basement: Yes
    • Road Frontage: TBD
    • Basement Access Type: Walk-up
    • Total Stories: 2
    • Construction Status: Existing
    • Area Description: Rural, In Town, Near Shopping, Near Public Transportatn, Business District, Historic District, Commercial Zoning, Near Railroad, Neighborhood, Suburban, Near Paths, Other, Near Hospital
    • Basement Description: Dirt
    • Electric: 100 Amp, Fuses
    • Parking: Off Street
    • Unit 1 Lease Term: Month to Month
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 2 Rental Amt Freq: Monthly
    • SqFt-Apx Fin AG Source: Municipal
    • Separate Utilities: Yes
    • Cooling: Other
    • Income Data Source: Estimated, Projected, Other
    • Restrictions: Pets - Allowed, Pets - Cats Allowed, Pets - Dogs Allowed, Other, Pets - Other, Tenancy Check
    • Lot Description: Other, Sidewalks, Street Lights, Open
    • Exterior: Asphalt
    • Zillow Group: Yes
    • Unit 1 Status: Month to Month
    • Unit 2 Status: Month to Month
    • SqFt-Apx Unfn BG Source: Other
    • Style: Multi-Family
    • SqFt-Apx Fin BG Source: Other
    • SqFt-Apx Unfn AG Source: Other
    • Easements: Unknown
    • Unit 1 Tenant Pays: Electric, Heat, Hot Water, Trash, Other
    • Unit 2 Info: Range - Electric, Heat - Gas, Hot Water, Heat - Natural Gas, Water Heater, Heat, Other, Electric, Cooktop - Gas
    • Unit 2 Tenant Pays: Electric, Heat, Hot Water, Other
    • Water Heater: Gas
    • Heating: Gas Heater
    • Unit 3 Status: Vacant
    • Roof: Shingle
    • Unit 3 Rental Amt Freq: Other
    • Unit 2 Lease Term: Month to Month
    • Delayed Showing: Yes
    • Utilities: High Speed Intrnt -Avail, Cable, Telephone Available, Gas - At Street, Underground Utilities
    • Financing-Current: FHA 203(k), Conventional
    • Financing-Possible Opt: Rehab Loan, Other, Conventional, 1031 Exchange, Contract
    • Listing Status: Active
    • Operating Expense Incl.: Insurance, Water/Sewer, Sewer, Water
    • Date - Showings Begin: 2020-12-05