Rochester NH Riverfront Homes

129-135 North Main Street Rochester NH 03867

MLS Number 4849493

  • Multifamily Multi-Family
  • Units 8
  • Bathroom 8
  • Acreage 0.22
  • Square Feet 7,255

Look no further. Investors and flippers galore. 2 Buildings with 3 Lots, 5 residential units and 3 vacant commercial units. Where else can you find a deal for $58,350 a unit? Despite 3 vacant commercial units, the current cap rate stands at an impressive 7.77%. Bringing the investment, back to market value, could potentially bring the GRI over 100K. See 135 N.Main- MLS ID# 4840449 and 129 N. Main- MLS ID# 4849090 for more info. Properties can be purchased as a package or individually. Agents see non-public remarks. Delayed private showings begin, Saturday March 6.

Listing Courtesy of Andy Yau of RE/MAX Shoreline

$
$
%
$/month over payments
Federal 30-year interest rate: 2.94% last updated on May 13, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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129 North Main Street Rochester NH 03867

Rochester, NH129 North Main Street

Price$299,900

Est. Mortgage: $/month

MLS Number 4849090

  • Multifamily Multi-Family
  • Units 5
  • Bathroom 5
  • Acreage 0.12
  • Square Feet 4,719

Investors and flippers galore. Buy 3 residential units for 100k each, and get 2 commercial units free and if that isn't good enough, we'll add in a .11 acre lot to sweeten the deal! The extra lot outback borders the Cocheco river, and could potentially be used as extra parking spots or a boat loading dock. This massive building of over 4700 square feet, features, a once booming restaurant and a now vacant smokeshop. The restaurant once known as Froggies, due to its size, has the potential with town approval to be subdivided into two separate commercial units, putting the total unit count to 6 units. Despite two vacant commercial units, the cap rate still stands at an impressive 7.59%. Bringing the building back to market value, could potentially bring the building's GRI over $70,000. 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. Residential units are in decent condition, while commercial units need work. 129 N.main can be purchased in combination with 135 N.main. See MLS#4840738. Agents see non-public remarks. Private showings begin on Saturday, March 6.

Listing Courtesy of Andy Yau of RE/MAX Shoreline

$
$
%
$/month over payments
Federal 30-year interest rate: 2.94% last updated on May 13, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Virtual TourSave FavoriteSchedule TourAsk A QuestionMore Details

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Copyright 2021 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. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 16, 2021.