17 Winter St, Quadplex in Rochester
Multi-Family
for Sale
| Catylist Listing ID: |
30852508 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,099 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$639,900 |
| Unit Price: |
$159,975 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Other |
| Cap Rate: |
9.56% |
| Last Updated: |
9/23/2023 |
Overview / Comments
***60k Price Reduction & Private Showings on this Saturday, Aug 26 from 12:30 to 2PM***
Investors look no further for the perfect high income investment with a current cap rate of 9.56% as a result of low expenses due to separate utilities. Tour through the units and appreciate granite counters throughout all the kitchens paired with stainless steel appliances. Tenants enjoy the convenience of washer/dryers that is seen throughout all units. The largest unit, as spacious and inviting as it can be, boasts character with beautiful hardwood floors throughout, crown molding, and tin ceilings. Discover tasteful finishes in the other units, including luxury vinyl flooring and chic chamber ceilings. One of the smaller units contain a cozy one bedroom loft layout. The owner’s dedication to the building is shown with creating a common seating area for the tenants. Tenants enjoy a nice backyard and being located close to town, restaurants, schools, convenience stores, major routes and more. Invest in up and coming Rochester, the largest city in the Seacoast region by land-mass and population. Embrace a unique investment opportunity in a city brimming with development activity, with major projects like the ridge expansion and the Hoffman project, solidifying its position as the leading seacoast city for construction starts. Property is located in an opportunity zone with additional tax benefits.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$6,188 (Annual) |
| Gross Operating Income |
$70,080 (Annual) |
| Net Operating Income |
$61,167 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Tax ID/APN: |
0120-0293-0000 |
| Zoning: |
R2 |
| Percent Occupied: |
100% |
| Restaurant(s), Jogging Paths, Play Ground |
| Property Located Between: |
Dover, Portsmouth, Somersworth, Seacoast |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
3 |
| Year Built: |
1881 |
| Roof Type: |
Other |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Other |
| Laundry: |
In Each Unit |
| Sprinklers: |
Other |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Other |
| Fuel: |
Gas, Electric |
| Zoning Description: |
R2 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,094 |
25,924 |
44,722 |
| Median Age: |
37.47 |
40.64 |
40.42 |
| Households: |
3,746 |
10,769 |
18,201 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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