45 Hanson St

Multi-Family for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30855210
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 2 Units
Building Size (RSF): 1,635 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $500,000
Unit Price: $250,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Other
Last Updated: 4/17/2024

Overview / Comments

Just Listed! Open House on Saturday, Sep 9 from 10-12 | Completely Remodeled in 2020 | Mixed-use Duplex | Potential to build an additional 7+ residential units outback | 45 Hanson St, Rochester NH - $500,000
Learn More: www.45hanson.com
Video Tour: https://www.youtube.com/watch?v=4pMtX9cH2a0
***Completely Remodeled in 2020, from the whole interior, heating, plumbing, heating, roof, siding, windows and beyond
***Oversized lot for Downtown with the Potential to build an additional 7+ units outback
***Perfect easy investment with low expenses

Immaculately remodeled in 2020, this mix-use property boasts a comprehensive renovation that encompassed all aspects of the home, from electrical and plumbing to heating, windows, roofing, siding, and beyond. You'll immediately be drawn to this property's charming curb appeal, accentuated by its bold blue vinyl siding, carefully detailed exterior wrap trim, and new decks. This unique property offers the best of both worlds, with a thriving commercial space on the ground floor and a cozy 2BR apartment above. Inside, you'll find the perfect blend of modern elegance, featuring sleek recessed lighting and exquisite luxury vinyl flooring. Fully separated utilities, featuring efficient mini-splits, including separate w&s utilities, makes it an ideal, easy low-expense investment. This ideal setup allows for a sought-after triple net lease, making it a 'set and forget' investment. Positioned in the heart of downtown Rochester, this lot is expansive and oversized, with the potential to build an additional 7+ residential units outback, whether its for multifamily or condos. The property was a pre-existing multifamily lot and is zoned DTC which does not have a density requirement, giving the property a significant amount of versatility. Thats not all, it is the perfect candidate to reap the incredible benefits of a qualified opportunity fund. Invest in up and coming Rochester, the largest city in the Seacoast by land-mass and population. Delayed showings begin at the OH on Sat Sep 9.

Attachments & Media

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $6,103 (Annual)
Potential Rental Income $42,689 (Annual)
Net Operating Income $35,191 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 0120-0383-0000
Zoning: DTC
Community Amenities: Community Building, Exercise Room
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1900
Year Renovated: 2020
Construction/Siding: Vinyl Siding
Parking Type: Surface
Heat Type: Natural Gas
Fuel: Gas
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,560 25,924 41,565
Median Age: 37.68 40.64 40.75
Households: 3,528 10,769 16,912

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