EXIT Realty Group
Massachusetts: 44 Merrimac Street Newburyport, MA 01950
Phone: 978-462-3200 | Fax: 978-462-0800
New Hampshire: 14 Front Street U1-1 Exeter, NH 03833
Phone: 603-772-0460 | Fax: 603-3215-2959
office@exit-realty-group.com

116 South Main Street, Rochester, NH 03867

Multi-Family

$525,000
Price

3
Total Units
Existing clean neat residential triplex with great stabilized investment income or for owner occupied residential/commercial retail/office use. Higher and better use would be for redevelopment as a stand-alone retail fast food with drive-through. Currently, the following abutting /close neighboring businesses are 24-hour: Walgreen, Cumberland Farms and Dunkin' Donuts. This in-town property is comprised of two abutting parcels totaling approximately 0.29 acres. Zoning for this property is DTC - Down Town Commercial encompassed by an ERZ-Economic Recovery Overlay district. The DTC zoning has many redevelopment advantages, such as zero lot line building, no on-site parking requirement, no fee site planning costs, no maximum lot coverage requirement, permitted drive-through and 24-hour operation. The ERZ give the business owner state tax credits for BT and BET. Block Grant monies available and other development incentives available.
Open House
No scheduled Open Houses
Highlights
Property Type: Multi-Family
Full Baths: 3
Total 2 BR Units: 1
Total Units: 3
Foreclosed/Bank-Owned/REO: No
MLS #: 4092175
List Agent: Peter Quinn
List Office: NH Real Estate/Somersworth
Price - List: $525,000
Listing Status: Active
Basement: Yes
Zoning: DTC and ERZ Overlay
Year Built: 1881
Total 1 BR Units: 1
Total Leases: 3
Total 3+ BR Units: 1
SqFt-Apx Total: 6,576
SqFt-Apx Total Finished: 2,688
Separate Utilities: Yes
Total Stories: 3
Seasonal: No
Style: Other
 
 
Interior
SqFt-Apx Unfn AG Source: Other
SqFt-Apx Unfn BG Source: Other
Basement Access Type: Interior
Total Rooms Above Ground: 13
Total Full Baths: 4
Total Heat Units: 3
SqFt-Apx Fin AG Source: Other
SqFt-Apx Unfn Above Grade: 2,688
Total Ranges: 3
Total Refrigerators: 3
Total Water Heaters: 3
SqFt-Apx Unfn Below Grade: 1,200
SqFt-Apx Fin Above Grade: 2,688.00
Cooling: Multi Zone
Foundation: Stone
Heat Fuel: Gas - Natural
Water: Public
Exterior
Color: Gray
Lot - Sqft: 10,454
Lot - Acres: 0.24
Garage: No
Flood Zone: No
Lot: 005&006
Footprint: 48 x 35
Road Frontage Length: 75
Total Electric Meters: 3
Pre-Construction: No
Road Frontage: Yes
Construction Status: Existing
Driveway: Paved
Sewer: Public
Taxes
Deed - Book: 2958
Deed - Page: 704
Map: 125
Assessment Year: 2016
Assessment Amount: $155,700
Tax Rate: 25.68
Surveyed: Unknown
Taxes TBD: No
Tax Year: 2016
Tax - Gross Amount: 4,400.00
School
School - High: Spaulding High School
Expenses
Cable Company: M2M
Electric Company: Eversource
Phone Company: Verizon
Expenses - Heat: 150
Expenses - Insurance: 1,078
Expenses - Management: 969
Gross Income: 43,359
Expenses - Maintenance: 1,525
Expenses - Taxes: 5,614
Expenses - Snow: 450
Expenses - Water: 781
Expenses - Miscellaneous: 840
Additional
Covenants: No
Restrictions: Pets - Allowed
Units
Total Rooms Apx Sqft Baths Bedrooms Deposit Info Lease Term Level Number Rental Agremnt Rental Amount Rental Amt Freq Tenant Pays
Unit 1 4 670 1 2 Appliances Included Annual 1 Yes 972.00 All Utilities
Unit 2 3 670 1 1 Appliances Included 2 Yes 1,075.00
Unit 3 6 1,450 2 3 Appliances Included 1, 2 Yes 1,550.00
Map
The listing office is NH Real Estate/Somersworth and listing agent is Peter Quinn. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Copyright(c) 2017 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. RLS2000.com, Inc. and its subscribers disclaim any and all respresentations or warranties as to the accuracy of this information. The data was last modified on 12/17/2017 6:29:00 AM.
 
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EXIT Realty Group