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61 Hanson StreetRochester, NH 03867MLS Number 4638546

  • Price: $695,000The price has recently decreased
  • Est. Mortgage of $/month
  • 138 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 2017-06-01

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

  • 6Bathroom
  • 0.1Acreage
  • 8208Square Feet
  • 1900Year Built

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 great 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

Your Local Office

Our Main Office
19 Central Street
Farmington NH, 03835

Office: 603-755-9111

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More Info

Basic Information

  • # of 1 Bedrooms4
  • # of 2 Bedrooms1
  • # of 3 Bedrooms1
  • StatusACT
  • Units9

Property

  • ZoningDTC
  • Acreage0.1
  • APX Fin AG Sqft8208
  • FoundationBrick, Stone
  • Heat FuelOil
  • Property TypeMulti-Family
  • RoadsPublic
  • Square Feet8208

Basic Information

  • Date Listed06/04/2017
  • List Price$695,000
  • MLS Number4638546
  • Seasonal Y/NNo

Building

  • Bathroom6
  • Total Baths6
  • Year Built1900
  • Water HeaterOil
  • BasementConcrete Floor, Full, Storage Space, Unfinished
  • StyleHistoric Vintage, Multi-Family

Utilities

  • Electric100 Amp,200 Amp, Circuit Breaker(s), Combo
  • WaterPublic
  • Heat SystemBaseboard, Hot Water, Steam
  • SewerPublic

Location

  • StreetHanson Street
  • Building Number61
  • TownRochester
  • Zip03867
  • CountyStrafford
  • Map120
  • Flood Zone Y/NUnknown
  • Lot DescriptionHistoric District, In Town, Near Shopping, Near Public Transportatn, Near Railroad City Lot
  • StateNH

Exterior

  • ExteriorBrick, Vinyl Siding
  • RoofMembrane

Amenities

  • Parking Spaces2

Other

  • Broker NameBean Group / Portsmouth
  • Agent NameDuston
  • TrashDumpster
  • bloggingYes
  • Page565
  • Book2894
  • Delayed ShowingsNo
  • Number of Photos26
  • View Count2
Broker Reciprocity

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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