135 North Main Street, Rochester, NH - 3Units - $169,900

135 North Main Street, Rochester, NH

   Photo 1 of 32   
Price: $169,900 Status: Active
Taxes: $3,332 Lot Size 0.11

Comments:

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.

Listed by Andy Yau of RE/MAX Shoreline.

Property Features

Property Information

MLS # 
4840449 
Number of Units 

Additional Features

Basement 
Yes 
Baths 
 
BedsTot 
 
Electric 
100 Amp, Fuses 
Exterior 
Asphalt 
Exterior Features 
 
Finished Sq Ft 
2536 
Footprint 
 
Foundation 
Concrete 
Garage 
No 
Heat/Fuel 
Gas - Natural 
House Color 
 
Road Frontage 
TBD 
Roads 
Other, Public 
Roof 
Shingle 
Sewer 
Public 
Total Rooms 
 
Total Units 

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