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Listed by Andy Yau • RE/MAX Shoreline
$899,900
Est. payment /mo
8 Beds
5 Baths
4,528 SqFt
UPDATED:
10/24/2024 01:52 PM
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,528 sqft
Price per Sqft $198
MLS Listing ID 4974388
Bedrooms 8
Full Baths 5
Construction Status Existing
Year Built 1882
Lot Size 1.620 Acres
Acres 1.62
Property Description
Highly sought-after waterfront quadplex on a large 1.62-acre lot in East Rochester, with the potential to subdivide a separate waterfront multifamily parcel. On the market for the first time in over 45 years, showcasing decades of prideful ownership. Small apartments no more, as the buildings massive 4500+ square feet of living space, gives units ideal layouts with spacious living/dining rooms, large kitchens, and multiple bedrooms for maximum income. Large units and separate utilities allows for low expenses and a potential cap rate over 9.6%. Owners and tenants savor the privledge of having direct access to the Salmon River and providing the perfect setting to canoe and fish from the doorsteps of their home. Tour through the units and experience its character and charm. The largest unit features stunning hardwood floors, chamber ceilings and beautiful crown molding. Explore the enhanced features in other units, such as updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, an open kitchen layout, and stylish brick backsplash. There is additional attic space which can be utilized as storage or expansion for additional living space. Thats not all, tenants enjoy an open backyard, 2 car garage, plenty of parking, and convenience of location. 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Zoning density may allow for additional units to be built outback with a special exception.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning r2
Body of Water River
Rooms
Basement Entrance Walkout
Basement Stairs - Interior, Walkout, Interior Access
Interior
Heating Gas - Natural
Cooling Other
Exterior
Garage Spaces 2.0
Garage Description Attached
Utilities Available Cable - Available
Waterfront Description Yes
View Y/N Yes
Water Access Desc Yes
View Yes
Roof Type Shingle
Building
Story 2.5
Foundation Brick, Stone
Sewer Public
Construction Status Existing
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