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61 HANSON STREETRochester, NH 03867MLS Number 4638545

  • Price: $695,000The price has recently decreased
  • 190 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 3.94% last updated on 2017-11-02

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 0.1Acreage
  • 1900Year Built
  • 8208Square Feet
  • 120Map

CASH COW! This package consists of a 9-unit mixed use building at 59-65 Hanson Street, along with a separately deeded, buildable lot at 55 Hanson Street. When full, the building can pull in over $96,600 per year. There are four 1-Bed apartments at $775 per month, one 2-Bed at $1000 per month, one 3-Bed at $1250 per month, and 3 commercial retail/office units at $650, $1300 & $750 per month, respectively. There's also coin-op laundry machines which add to the revenue. All of the apartments have just been leased to new tenants within the last couple of months and they are some amazing tenants! Only one of the commercial units is currently leased and the other two units are being painted and readied for new tenants. Property taxes are just under $11000 per year, water/sewer is approx $4000 per year, insurance is $1500 per year and utilities average approx $10000 per year. That puts the anticipated net at approx $70000 with a full house. At a sale price of $695000, the building is being offered with a very healthy potential cap rate of a 10%! Many improvements within the last 10 years include new siding, windows, and a new 2-bay garage attached to one of the commercial units. More recent improvements include upgrades to all of the apartments - paint, appliances, lights, plumbing fixtures, etc. A brand new roof was also installed 2 years ago. By appointment only - please do not enter the building or discuss the sale with tenants. Seller is a licensed NH Real Estate Agent.

Listed by Jamieson Duston of Bean Group / Portsmouth

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Your Local Office

Our Main Office
19 Central Street
Farmington NH, 03835

Office: 603-755-9111

More Info

Basic Information

  • Modification Date06/05/2017
  • List Price$695,000
  • Date Listed2017-06-04T00:00:00
  • StatusACT
  • MLS Number4638545

Interior

  • BasementConcrete Floor, Full, Stairs - Interior, Storage Space, Unfinished

Utilities

  • FuelOil
  • Heating CoolingBaseboard, Hot Water, Steam

Location

  • Zip03867
  • StateNH
  • Building Number61
  • TownRochester
  • CountyStrafford
  • Map120
  • AreaHistoric District, In Town, Near Shopping, Near Public Transportatn, Near Railroad
  • StreetHANSON STREET

Exterior

  • Parking Spaces
  • RoofFlat, Membrane
  • ExteriorBrick, Vinyl Siding

Building

  • Square Feet8208
  • Year Built1900
  • FoundationBrick, Stone
  • Units9
  • ConstructionWood Frame

Property

  • Property TypeCommercial Sale
  • Traffic Count17000
  • ZoningDTC
  • Lot Sqft4356
  • TypeDevelopment, Investment, Multi-Family
  • Acreage0.1

Other

  • Broker NameBean Group / Portsmouth
  • Agent NameDuston
  • bloggingYes
  • Book2894
  • Transport AccessCity Street, Major Road Access, Public Transportation, Town Highway, Paved
  • Page565
  • Delayed ShowingsNo
  • Number of Photos26
  • View Count4

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Copyright 2017 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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RW REAL ESTATE

19 Central Street, Farmington, NH 03835
Phone: 603.755.9111
Fax: 603.755.9115
Email: rwrealty@worldpath.net

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