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      61 Hanson StreetRochester, NH 03867MLS Number 4638546

      • Price: $695,000The price has recently decreased
      • Est. Mortgage of $/month
      • 230 Days on Market
      PrintSave Favorite
      Price Down Payment Interest Rate Years

      Est. Mortgage: $/month

      Federal 30-year interest rate: 3.94% last updated on 2017-12-21

      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 $100,000 per year. There are four 1-Bed apartments at $825 per month, one 2-Bed at $1100 per month, one 3-Bed at $1200 per month, and 3 commercial retail/office units at $895, $1350 & $895 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

      Your Local Office

      Mariner Realty
      54 Main Street
      Durham NH, 03824

      Office: 603-868-5600

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      More Info

      Basic Information

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


      • 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


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


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


      • 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


      • ExteriorBrick, Vinyl Siding
      • RoofMembrane


      • Parking Spaces2


      • Broker NameBean Group / Portsmouth
      • Agent NameDuston
      • TrashDumpster
      • bloggingYes
      • Page565
      • Book2894
      • Delayed ShowingsNo
      • Number of Photos26
      • View Count67
      Broker Reciprocity

      Copyright 2018 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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