46-48 Lafayette Street Rochester, NH

$490,000
Beds 7
Square Footage 3,508
Acres 0.15
Photo of 46-48 Lafayette Street Rochester NH 03867




Description

Cash flow, upgrades, and awesome tenants—this three-unit property features a potential cap rate over 15%. Boasting large apartments totaling 3,508 square feet, there is also a top floor ready for a potential additional unit or expansion. Tour the units to experience updates throughout, including newer flooring, kitchens with granite countertops, stainless steel appliances, and in-unit washers and dryers that stay with the building. The bathrooms have also been refreshed with newer flooring, tubs, and vanities. The building itself is well-maintained, boasting a newer metal roof, some updated windows, and recent exterior doors and heating systems. Outside, tenants have ample parking. A detached garage with an automatic electric door and workshop sits on the property, which is gated for privacy. The seller appreciates the corner lot, separate utilities, and tenants with a strong rental history, all backed by full security deposits.Tenants enjoy being on a quiet street located close to city restaurants, convenient commutes, parks, schools and more. PRIVATE showings on Friday 4-6PM & Saturday 11-1PM & Monday 4-6PM


Listed by RE/MAX Shoreline, Andy Yau 603-431-1111

Details

MLS 5078812
Price $490,000
Status Active Under Contract
DOM 41 days
Type Multi-Family
Style Multi-Family
Beds 7
Square Feet 3,508 sqft
Lot Size 0.15 acres
Year Built 1901

Lot & Building Features

Utilities Other
Construction Wood Frame
Cooling Other
Heating Boiler
Sewer Public
Water Public
Basement Description Full
Foundation Brick, Stone
Lot Description Corner
Roof Metal
Garage Yes

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Rooms 7
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Rooms 5
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Rooms 9

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.