Real Estate For Sale in...
 

61 HANSON STREET, Rochester, NH 03867

$695,000
Commercial Property MLS# 4638545 ID: 45633505
$695,000 Get Rates

Commercial Sale - Rochester, NH
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 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.

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Location Information near 61 HANSON STREET
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Property Features for 61 HANSON STREET
Status
Market Status
Available
Last Updated
October 16, 2017
Description
Property Type
Commercial Property
Year Built
1900
Approx. Lot Size
0.10 Acres

Building Features

  • Basement
  • Heating System: Baseboard; Hot Water; Steam
  • Roof: Membrane
  • Heating Fuel: Oil

Exterior Features

  • Exterior Construction: Brick; Vinyl Siding
  • Parking: Leased; Off Street; 1 space

Legal/Financial

  • Taxes: 10462 (2016)

Listing Features

  • Property Type: Commercial; Commercial Sale

Lot Features

  • View: City

Data Provided by Northern New England Real Estate Network

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Jamieson Duston, Portsmouth Real Estate



Bean Group, Portsmouth NH
  • Bean Group
  • 1150 Sagamore Ave.
    Portsmouth, NH 03801


  • Phone: View Phone Number (603) 766-1980

Data Provided by:
Northern New England Real Estate Network


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More information about this $695,000 Commercial Property at 61 HANSON STREET

This $695,000 Commercial Property at 61 HANSON STREET in Rochester, NH is offered by Jamieson Duston. This $695,000 Commercial Property, located in the 03867 zip code, has the following property features: Property Type, Parking, Exterior Construction, Heating Fuel. This 61 HANSON STREET Commercial Property, located in Strafford County , is listed under MLS listing number 4638545 and has a listing price of $695,000. You can find more of Jamieson Duston's listings by browsing Jamieson Duston homes for sale at HomesAndLand.com, or even more ROCHESTER homes for sale here.