Price Change! reduced by $55,000 on August 1st 2024
$495,000 | $164 per sq.ft. | MLS# 4955318
A
2
Unit Multi Family Home, 287-289 Milton Road Rochester NH
With 2 - Three Bedroom Units
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Description:
BACK ON MARKET due to financing***Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you'll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.
Appliances : Water Heater – Electric
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Annual Expenses
Taxes: $0 |
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Income
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UNIT 1 INFORMATION
Beds: 4Baths: 1Rooms: 7Sq.Ft.: 1300Level: 1 & 2Tenant Pays : All UtilitiesRent : 2500.00 MonthlyLease Term : Owner Occupied Signed Lease : No Status : Owner Occupied
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FEATURES AND DETAILS
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CONSTRUCTION: Wood Frame | Vinyl Exterior | Price Per SQ.FT. 164.18 | Year Built: 1970
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LAND DESCRIPTION:
LOT DESCRIPTION: Open
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Livable Space: 3015
Above Grade Sq.Ft.: 3015
Below Grade Sq.Ft.: 0
Foundation: Block
Heating: Oil | Hot Air
Cooling: Other
Electric: Circuit Breaker(s)
Style: Cape | Multi-Family
Roof: Shingle - Asphalt
Water: Drilled Well
Sewer: Private
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Lot size: 1.4 acres
Zoned: HC
Surveyed: Unk
Flood Zone: No
Seasonal: No
Roads: Paved | Public
Road Frontage: 620
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $0 | Assesed Value $0 in |
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SCHOOLS
School District: Rochester
Elementary School: East Rochester School
Middle School: Rochester Middle School
High School: Spaulding High School |
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15 Buck Rd. Hanover, NH 03755 603-643-3942
Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College
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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 November 22nd, 2024
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http://www.nh.gov/nhrec/Brokerage%20Relationship%20Disclosure%20Form%207-19-11.pdf
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