This 5 unit property is part of a 4 property project. The FOUR properties are being sold AS ONE PROJECT at the listed price. The price will include: 29 CHESTNUT St. Rochester (this 5 unit property) and 10 HARVARD St. Rochester (a 2 unit bldg) and 69 LAFAYETTE St. Rochester (a 2 unit bldg) and 34 LAFEYETTE St. Rochester (a 3 unit bldg.). All units have been well maintained and are in renting condition. DEED RESTRICTIONS APPLY. This property has many restrictions and requirements
This cash cow grosses $100K per year! $795 per month for a two-bedroom?? Bring the rates to market and retire!! Ten units plus coin op laundry. Convenient location, quick stroll to town, off-street parking.
Good afternoon and welcome to a great investment property located at 2 Leonard Street Rochester NH. This property is on 0.4 acres with two buildings consisting of 4 rental apartments per building totaling a fantastic 8 apartments with full occupancy and positive cash flow. One building was built in 1920 with a brick exterior. This a 3 story unit with a 3 bedroom apartment on the first floor, a 2 bedroom apartment on the second floor, and two 1 bedroom apartment units on the 3rd floor. Tenants pay all their own utilities for this building and each unit has their own heating source. The second building was built in 2014 with easy maintenance vinyl siding and metal trim wrap. This building is a 2 story building with four 2 bedroom units side by side. Each unit is 2 stories with an eat in kitchen, living room on the first floor and 2 bedrooms and 1 full bath on the 2nd floor. Each tenant pays their own utilities in this building with the exception of the heat. The heat is a gas furnace with 4 zones and the fuel source is city gas. With the building being only 3 years old with foam insulation it shows great efficiency as the seller has expressed his city gas cost averages approximately $300.00 per month in the winter for the entire building. A large 16 parking space lot allowing for 2 spaces per unit. If your looking for an investment property, one that gives better return than most options, than this may be for you. Could be your 1031 exchange if your looking.
Listed by NH Lifestyle Properties and Jason McKenna of Keller Williams Lakes & Mountains Realty
A hidden gem is the best way to describe this West End multi-family property that offers value in so many different ways. Front home is traditional New Englander with 4 bedrooms/2 baths, open concept kitchen, skylights and vinyl shake siding. Back unit is very unique: brick with soaring ceilings, dramatic arches, 3 bedrooms/2 baths & luxury sauna plus loft with a large, private backyard. Convenient commuter location in the thriving West End, New Franklin Elementary school district. Additionally some of the work has already been done to turn this property into condos including survey of the property. Long history of strong rent for both units, time to make your investment in Portsmouth or live in one side and bring in some income with renting the other side.
Exquisite details distinguished Historic Federal Colonial. 6 period fireplaces & installation wide pine wood floors on the upper level. Refinished floors on main level. Paint, wallpaper & mantel piece specifically selected by period decorator. Beautifully detailed crown molding & woodwork; bay-window seating; historic front door & architrave illustrated in"The Doors of Portsmouth". This home has significant renovations from the roof to the foundation. All levels have unique features that embellish it's age & character. A reconfiguration created three floors of living space including a functional & spacious apartment($1,450/monthly + heat-electric included). Central A/C on 2nd & 3rd levels. Tastefully landscaped, brick walkway & granite steps add the finishing touches. On site parking for four cars. take a look at this home's functional floor plan - See attached.
Listed by Leon Parker and Dave Lefebvre of BHHS Verani Seacoast
This majestic New Englander is located in the popular Little Harbour area of Portsmouth. Walking distance to downtown restaurants, theater, arts, Prescott Park and more. Hard to find over and under duplex which includes ample parking, large rooms, and high ceilings. First floor garden style unit offers 5 rooms with two bedrooms, one bathroom and includes spiral staircase to open loft area with closet. Currently has 1 year lease. Upstairs townhouse style unit includes 5 rooms with 3 bedrooms and 1 full bath. The upstairs unit has a lease ending in September. Wonderful front farmers porch is a great way to take in the sights and sounds of the street. Don't miss out on this gem of a property!
Listed by Brad Boisvert of Bean Group / Portsmouth
Historical Samuel Beck House circa 1760, moved to The Hill condominium association located in the center of Portsmouth. Currently three units - two offices and one residential unit. Gated parking. Updated heating system and 200 AMP electrical. Long-term tenants in two units, owner currently occupies third unit.
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
RARE OPPORTUNITY! Legal 2-Unit / In-Law in Stratham in a highly sought after neighborhood! This charming reproduction Post and Beam Cape feels like a mini-estate, with gorgeous grounds, mature landscaping and an amazing 3-car barn-style garage with incredible space above for endless uses! This meticulous property has been owner occupied and lovingly cared for with upgrades throughout including beautiful kitchens, central A/C, a complete exterior renovation, custom built-ins and so much more! With the option to live in one side and rent the other, or rent both sides, or use as a true in-law, this type of home is a rare find on the Seacoast! The main house features gorgeous hardwoods, a renovated custom kitchen with a large eating area, a family room with exposed beams, high ceilings and french doors leading to a deck, a spacious living room plus a home office! There is a good-morning staircase leading to the second floor with 3 bedrooms, fun loft space and a full bath! The left side unit is equally as impressive with an open concept floorplan featuring an updated kitchen and large living room area, a master en-suite, a second bedroom with a full bath and a private patio and pergola. The second floor boasts a huge finished bonus room, another bonus room and the third bathroom! A great location, a beautiful home and a rare opportunity - what a truly special property! Welcome Home to 6 Fifield Lane!
Listed by Marci Francis of Keller Williams Coastal Realty
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