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This spacious 3-unit multifamily generates over $74,000 gross income annually. With an 8.26% cap rate & fully leased, this will be an easy transfer and a quick close is possible. Perfect opportunity for a first time investor or a 1031 Exchange. Sited on an open, level, corner lot this property offers over 4000 square feet of finished living space featuring updated kitchens, hardwood floors and vinyl siding to name a few. Wiring and plumbing updates as well as a new roof w/in the past 8 years in addition to an extensive list of more recent improvements. Ample off-street parking available for tenants in addition to several designated public parking spaces on Waldron Ave. Excellent proximity to downtown, highways, hospitals, shopping & schools. Delayed Showings begin Friday, 10/18/24.

More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1901
  • Building ConstructionWood Frame, Vinyl Siding
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms2
  • Bathroom3
  • Total Baths3
  • BasementBulkhead, Partially Finished, Stairs - Interior, Interior Access
  • FoundationStone

Other

  • Taxes$7,465
  • Seasonal Y/NNo
  • Operating Expenses15254
  • Date Listed10/10/2024
  • Date Showings Begin2024-10-18
  • Unit 1 Deposit$2,450
  • Unit 2 Rent Amount$2,250
  • Unit 3 Rent Amount$1,525

Basic Information

  • StatusACT
  • List Price$719,900
  • Date Price Change10/10/2024
  • MLS Number5018215
  • MLS StatusActive

Property

  • Acreage0.29
  • GarageYes
  • Parking Spaces1
  • Lot Description
    • City Lot
    • Corner
    • Landscaped
    • Level
    • Sidewalks
    • Street Lights
  • Square Feet4,001
  • APX Fin AG Sqft3,563
  • Road Frontage129
  • AreaNH-Strafford

Amenities

  • Exterior AmenitiesBalcony, Porch - Enclosed, Shed
  • PricePerSqFt179.93

Location

  • TownRochester
  • StateNH
  • Zip03867
  • CountyStrafford
  • ZoningR2
  • Address39 Chestnut Street
  • Flood Zone Y/NUnknown

Interior

  • APX Fin Below Grade438
  • FloorsCarpet, Hardwood, Tile, Vinyl

Exterior

  • RoofShingle - Architectural
  • Exterior ColorWhite

Utilities

  • Heat SystemNatural Gas, Baseboard, Electric, Gas Heater, Hot Water
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesGas - On-Site

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 December 12, 2024 6:54 AM EST

 

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