Investors and handyman take notice! Two buildings on one lot! Build home equity, living in the stand alone carriage house, while having the other two units pay your mortgage. Dont miss out on this golden opportunity to acquire a cash making machine. This investment has plenty of potential for higher income, with a potential CAP rate over 13% when renovated. This is the perfect property to execute the BRRR(Buy, Rehab, Rent, Refinance)strategy. Rehab the home, and complete a cash out refinance with your hard built in sweat equity. The main house is a duplex. The lower level unit, has been meticulously maintained, with stunning hardwood floors throughout. Tour through the unit and experience the 6 total rooms in the unit, including, an open concept kitchen, a large spacious master bedroom, and more. The upper unit, is a townhouse style unit, with 3 floors, which includes a porch out front and a large unfinished attic that is perfect for storage. This investment offers many advantages including separate utilities, plenty of parking, large .3 acre lot, two buildings and more! That is not all, the location can not get any better, as tenants are located in the heart of downtown and are only steps away from Spaulding high, restaurants, convenience stores, major routes and more. Also enjoy being just minutes away from Hanson Pines walking trails and the Cocheco River. Private showings begin on Saturday, November 14, from 11-2PM.
Off market
Street View
Zestimate®
$507,400
2 Pleasant St, Rochester, NH 03867
5beds
0baths
3,360sqft
MultiFamily
Built in 1881
-- sqft lot
$507,400 Zestimate®
$151/sqft
$1,951 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Heating
- Baseboard, Gas, Oil
Cooling
- Other
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,360 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 0.30 Acres
Details
- Parcel number: RCHEM0116B0198L0000
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1881
Utilities & green energy
- Electric: 100 Amp
- Sewer: Public
Community & neighborhood
Location
- Region: Rochester
Other
Other facts
- Basement Description: Full, Unfinished
- Construction: Wood Frame
- Heat Fuel: Gas - Natural
- Roads: Public
- Roof: Shingle - Asphalt, Shingle - Other
- Sewer: Public
- Water: Public
- Surveyed: Unknown
- Basement: Yes
- Road Frontage: TBD
- Unit 3 Rental Amt Freq: Monthly
- Construction Status: Existing
- Electric: 100 Amp
- Lot Description: Level, Landscaped
- Parking: Off Street
- Unit 2 Rental Agremnt: Yes
- Unit 3 Rental Agremnt: Yes
- Unit 1 Lease Term: Month to Month
- Unit 1 Rental Amt Freq: Monthly
- Unit 2 Rental Amt Freq: Monthly
- Area Description: In Town, Near Shopping, Near Public Transportatn, Other
- Exterior: Wood
- Heating: Hot Water, Baseboard
- Water Heater: Off Boiler
- Total Stories: 2.5
- Foundation: Brick
- SqFt-Apx Fin AG Source: Other
- Driveway: Common/Shared
- Separate Utilities: Yes
- Cooling: Other
- Zillow Group: Yes
- Basement Access Type: Interior
- Unit 1 Status: Month to Month
- SqFt-Apx Unfn BG Source: Other
- Style: Multi-Family
- Unit 1 Tenant Pays: Electric, Heat, Hot Water
- Unit 2 Tenant Pays: Electric, Heat, Hot Water
- Unit 2 Status: Leased
- Unit 3 Tenant Pays: Electric, Heat, Hot Water
- Unit 3 Status: Leased
- Unit 2 Lease Term: Annual
- Continue to Show?: Yes
- Listing Status: Active Under Contract
- Operating Expense Incl.: Maintenance, Snow Removal, Insurance, Other, Water/Sewer, Trash, Sewer, Water