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Jamieson Duston
Jamieson Duston
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Offered by:
Bean Group

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61 Hanson Street
Rochester, NH 03867
MLS# 4638545 ID: 45633505
$695,000
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Property Description
Commercial Sale - Rochester, NH CASH COW! This package consists of a 9-unit mixed use building at 59-65 Hanson Street, along with a separately deeded, buildable lot at 55 Hanson Street. When full, the building can pull in over $100,000 per year. There are four 1-Bed apartments at $825 per month, one 2-Bed at $1100 per month, one 3-Bed at $1200 per month, and 3 commercial retail/office units at $895, $1350 & $895 per month, respectively. There's also coin-op laundry machines which add to the revenue. All of the apartments have just been leased to new tenants within the last couple of months and they are some amazing tenants! Only one of the commercial units is currently leased and the other two units are being painted and readied for new tenants. Property taxes are just under $11000 per year, water/sewer is approx $4000 per year, insurance is $1500 per year and utilities average approx $10000 per year. That puts the anticipated net at approx $70000 with a full house. At a sale price of $695000, the building is being offered with a very healthy potential cap rate of a 10%! Many improvements within the last 10 years include new siding, windows, and a new 2-bay garage attached to one of the commercial units. More recent improvements include upgrades to all of the apartments - paint, appliances, lights, plumbing fixtures, etc. A brand new roof was also installed 2 years ago. By appointment only - please do not enter the building or discuss the sale with tenants. Seller is a licensed NH Real Estate Agent.
Property Features
Status
Last Updated January 19, 2018
Market Status Available
Description
Property Type Commercial
Year Built 1900
Approx. Lot Size .1 Acres
Building Features
Basement
Heating System Baseboard; Hot Water; Steam
Roof Membrane
Heating Fuel Oil
Exterior Features
Exterior Construction Brick; Vinyl Siding
Parking Leased; Off Street; 1 space
Legal/Financial
Taxes 10462 (2016)
Listing Features
Property Type Commercial; Commercial Sale
Lot Features
View City
Schools Near Property

Select a school from the list below to receive a free school report

School District Grades Type
Preschool-k Private
Preschool-k Private
Preschool-k Private
Preschool-preschool Private
Barrington Sau Office Preschool-k Public
Preschool-preschool Private
Preschool-k Private
Preschool-k Private
Somersworth Sau Office Preschool-5 Public
Preschool-k Private
Preschool-k Private
Preschool-k Private
Governor Wentworth Regional Sau Office Preschool-6 Public
Preschool-12 Private
Diocese Of Manchester Preschool-k Catholic
Diocese Of Manchester Preschool-8 Catholic
Preschool-12 Private
Farmington Sau Office Preschool-3 Public
Preschool-k Private
Dover Sau Office Preschool-4 Public
School District Grades Type
Preschool-k Private
Preschool-k Private
Preschool-k Private
Barrington Sau Office Preschool-k Public
Preschool-k Private
Preschool-k Private
Somersworth Sau Office Preschool-5 Public
Preschool-k Private
Preschool-k Private
Preschool-k Private
Governor Wentworth Regional Sau Office Preschool-6 Public
Preschool-12 Private
Diocese Of Manchester Preschool-k Catholic
Diocese Of Manchester Preschool-8 Catholic
Preschool-12 Private
Farmington Sau Office Preschool-3 Public
Preschool-k Private
Dover Sau Office Preschool-4 Public
School District Grades Type
Barrington Sau Office 1-4 Public
Preschool-k Private
Rochester Sau Office K-5 Public
Preschool-k Private
Preschool-k Private
Barrington Sau Office Preschool-k Public
Rochester Sau Office K-5 Public
Dover Sau Office K-4 Public
Rochester Sau Office K-5 Public
Preschool-k Private
Preschool-k Private
Farmington Sau Office 4-8 Public
Dover Sau Office K-4 Public
Somersworth Sau Office Preschool-5 Public
K-12 Private
Preschool-k Private
Rochester Sau Office K-5 Public
Somersworth Sau Office K-5 Public
Oyster River Sau K-4 Public
Rochester Sau Office K-5 Public
Wakefield Sau 64 Office K-5 Public
Preschool-k Private
Oyster River Sau K-4 Public
1-12 Private
Preschool-k Private
Rochester Sau Office K-4 Public
Governor Wentworth Regional Sau Office Preschool-6 Public
Preschool-12 Private
Somersworth Sau Office K-6 Public
Rochester Sau Office K-4 Public
Charter Schools K-8 Public
Diocese Of Manchester K-8 Catholic
Diocese Of Manchester Preschool-k Catholic
Diocese Of Manchester Preschool-8 Catholic
1-12 Private
Northwood Sau Office K-8 Public
Preschool-12 Private
Farmington Sau Office Preschool-3 Public
Preschool-k Private
Rochester Sau Office K-5 Public
Dover Sau Office Preschool-4 Public
School District Grades Type
Barrington Sau Office 5-8 Public
Dover Sau Office 5-8 Public
Farmington Sau Office 4-8 Public
K-12 Private
1-12 Private
Wakefield Sau 64 Office 6-12 Public
Wakefield Sau 64 Office 6-12 Public
Oyster River Sau 5-8 Public
Preschool-12 Private
Rochester Sau Office 6-8 Public
Charter Schools K-8 Public
Somersworth Sau Office 6-8 Public
Diocese Of Manchester K-8 Catholic
Diocese Of Manchester Preschool-8 Catholic
1-12 Private
Northwood Sau Office K-8 Public
Preschool-12 Private
School District Grades Type
Rochester Sau Office 9-12 Public
Charter Schools 9-12 Public
Dover Sau Office 9-12 Public
Dover Sau Office 9-12 Public
Farmington Sau Office 9-12 Public
K-12 Private
1-12 Private
Wakefield Sau 64 Office 6-12 Public
Wakefield Sau 64 Office 6-12 Public
Oyster River Sau 9-12 Public
Preschool-12 Private
9-12 Private
Somersworth Sau Office 9-12 Public
Rochester Sau Office 9-12 Public
Diocese Of Manchester 9-12 Catholic
1-12 Private
Preschool-12 Private
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
1 19 Myrtle, Rochester, Nh 03867 5 3 $218,933
2 5 Beaudoin, Rochester, Nh 03867 3 2 $125,333
3 2 Beaudoin, Rochester, Nh 03867 2 2 $102,870
4 4 Gagne, Rochester, Nh 03867 $155,000
5 23 Winter, Rochester, Nh 03867 4 1 $143,000
6 31 Knight, Rochester, Nh 03867 5 2 $118,100
7 31 Winter, Rochester, Nh 03867 5 2 $159,933
8 22 Gagne, Rochester, Nh 03867 2 1 $155,000
9 6 Catherine, Rochester, Nh 03867 3 2 $46,800
10 6 Catherine, Rochester, Nh 03867 3 2 $117,670
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Receive a Free Community Profile
Quick Glance
Population 20,636
Population Growth 3%
Population Density 691
Median Age 40.6
Median Income $53,324
Households 8,776
Weather
Jan Low 5.12
Jan High 28.58
July Low 53.98
July High 80.62
Annual Precipitation (in.) 108.63
Weather Risk Index* 63
*Index score (100 = National Average) that represents the total risk
Rochester Demographics
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Rochester Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by Northern New England Real Estate Network

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