135 North Main Street

Rochester, NH 03867

MLS ID# 4840738 Active
Business

$169,900



Details for 135 North Main Street, Rochester NH 03867

PRICE INCREASE FOR NEW 50 YEAR WARRANTY ROOF AND NEW ROOF SHEATHING PLYWOOD. Investors, flippers, and contractors take notice! Check out this incredible deal, with a great cap rate, in one of the hottest markets in Strafford county! There is unlimited potential, with potential gross income over $42,000 annually, and current expenses below $6,000. Where else can you find three units for only $55,633 a piece? Bring your toolbox and painting supplies, and bring this tired investment back to life. This is the perfect property to execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy. Rehab the property and complete a cash out refinance with your built-in sweat equity, then repeat the process again with your refinance proceeds utilized for your next project. This investment consists of two residential units and a commercial unit. The lower level consists of large open-space rooms, perfect for a growing business. The second floor boasts two residential units with two bedrooms each. The unit on the right includes a bonus room and an attic that is perfect for storage. Enjoy the red suede kitchen, accompanied by its stunning brick walls and wood-frame panels. This investment offers many advantages including separate utilities, plenty of parking out back, and more! That is not all: The location cannot get any better, as tenants are located in the heart of downtown and are only a short distance from the Cocheco River, restaurants, convenience stores, and major routes.

Features and Details

  • Category Commercial
  • Type Business
  • Village/Neighborhood
  • County Strafford
  • Lot Size 4792
  • Acreage 0.11
  • MLS ID# 4840738

Annual Expenses/Income
Income: 33600
Apx Bldg SqFt
2536
Basement
Dirt, Dirt Floor, Yes
Construction
Wood Frame
# of Stories
3
Cooling
Other
Heating
Baseboard, Forced Air, Gas Heater, Hot Air, Hot Water, Other
Parking
Off-Site, Off Street
Elevators
0
Operating Expense Inc
Insurance, Sewer, Trash, Water, Water/Sewer
Siding
Vinyl
Total
Units: 3
Features
Other
Utilities
Cable, Cable - At Site, Cable - Available, Gas - At Street, Gas - Underground, High Speed Intrnt -Avail, Internet - Cable, Satellite, Telephone At Site, Telephone Available, Underground Utilities, Other
Natural Gas
Yes
Water
Public
Sewer
Public
Zoning
DTC
Location
Business District, Commercial Zoning, In Town, Near Paths, Near Shopping, Neighborhood, Office Park, Other, Rural, Suburban, Tidal, Valley, Village, Near Public Transportatn, Near Railroad, Near Hospital, Near ATV Trails
Property Types
Business, Development, Hospitality, Industrial, Investment, Multi-Family, Office, Opportunity, Other, Retail
Property Type Use
Amusement/Recreation, Bed/Breakfast, Business Only, Business w/ Real Estate, Convenience Store, Country Store, Food Service, Free Standing Building, Historic Building, Industrial, Light Manufacturing, Lodging, Mill Building, Office Building, Office Condo, Other, Retail Condo, Retail Strip, Self Storage, Shopping Mall, Storefront, Warehouse
Deed
Book: 4014, Page: 66
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
Yes
Showings Begin
2020-12-05
Sale Includes
Land Only, Land/Building, Land/Building/Business, Other, Building
Sale Type
Sale
This listing was last updated on 4/12/2021 1:50:19 PM.