Investors take notice for the building every investor is looking for! Potential cap rate over 12%. Extremely rare, unique one of a kind offering, located in the most sought out main strip of downtown Rochester. This is a highly sought out brick building consisting of 8 residential units and 3 commercial units. Invest in the heart of downtown, in up and coming Rochester, in the midst of the city’s multiple development projects. Take advantage of being directly across from the Hoffman project, a six story 46 unit development, and also on the same strip, the Scenic Salinger, a 55 unit Chinburg development. Tour through the commercial units with large open spaces and enjoy credit tenants which includes one of the most popular breakfast restaurants in Rochester- Fallen Leaf Bistro, and the retired Rox Lounge. Tour through the apartments and experience its character which include large open windows looking out to the view of downtown Rochester, hardwood floors, wood trim, high ceilings, tray ceilings and open concept studios. Updates can be seen throughout which include new LVP flooring, some new kitchens, and new bathrooms. Thats not all, owners enjoy low expenses due to separate utilities, plenty of parking spaces outback and the tax benefits of being located in an opportunity zone. Tenants enjoy a coin operated washer/dryer, and being located in walking distance to the heart of downtown Rochester, close to restaurants, convenience stores, and retail shopping. Sat showings 10-12
Closed
Listed by:
Andy Yau,
RE/MAX Shoreline 603-431-1111
Bought with: KW Coastal and Lakes & Mountains Realty
$1,250,000
38-44 No Main Street, Rochester, NH 03867
--beds
--baths
8,860sqft
Multi Family
Built in 1920
-- sqft lot
$1,496,100 Zestimate®
$141/sqft
$1,721 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 30, 2022 at 08:14pm
Listed by:
Andy Yau,
RE/MAX Shoreline 603-431-1111
Bought with:
Franco DiRienzo
KW Coastal and Lakes & Mountains Realty
Source: PrimeMLS,MLS#: 4938086
Facts & features
Interior
Heating
- Propane, Natural Gas, Forced Air, Hot Air, Zoned
Cooling
- Other
Appliances
- Included: Propane Water Heater, Natural Gas Water Heater
Features
- Basement: Concrete Floor,Full,Exterior Stairs,Storage Space,Unfinished,Basement Stairs,Interior Entry
Interior area
- Total structure area: 8,860
- Total interior livable area: 8,860 sqft
- Finished area above ground: 7,680
- Finished area below ground: 1,180
Property
Parking
- Parking features: Concrete
Features
- Levels: Two
- Frontage length: Road frontage: 64
Lot
- Size: 9,583 sqft
- Features: City Lot, Curbing, Sidewalks, Sloped, Street Lights
Details
- Zoning description: DTC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Masonry, Brick Exterior, Wood Exterior
- Foundation: Brick, Granite
- Roof: Flat,Membrane
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 110 Volt, 220 Volts, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Rochester