27 River Street, Rochester, NH

Property Description

27 River Street sits in Rochester, New Hampshire — a residential income offering 7,106 square feet of living space. The asking price is $1,400,000. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. Beyond the basics, the listing carries garage parking for 1, 1881 construction and roughly $197 per square foot. See the listing's full details below, and reach out for a private showing of 27 River Street.

27 River Street contains seven (7) 2+Bedroom/1-Bathroom units and one (1) 2+Bedroom/1.5-Bathroom unit with 7,106 square feet of gross living area in 13,687 square feet of gross area. The Property is situated upon a 0.47-acre parcel. The four (4) unit property at 27 River Street is enhanced by three (3) individual cottages at 1-3 Dow Court, as well as a single-family home at 31 River Street. 27 River Street is well situated near downtown Rochester, with quick access to the Spaulding Turnpike for convenient regional connectivity across New Hampshire and into southern Maine. The Property is situated in an emerging market that is just off the Maine border and a short ride from the prime locations of Portsmouth, NH and Kittery, ME. In-place rents are significantly below the current market rates; the opportunity exists to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market. All utilities are separately metered and paid for by the tenants. Landlord is responsible for common area electric in 27 River Street, the street light in the parking lot, and public water & sewer.

Location Highlights

27 River Street is a residential income in Rochester, New Hampshire, listed at $1,400,000. That works out to about $197 per square foot, for a home built in 1881. It has been on the market for 5 weeks.

At this latitude, Rochester averages roughly 8.4 hours of sun a day in June and 3.6 in December.

Property Details

Essentials & finishes