Homes for sale - 287-289 Milton RD, Rochester, NH 03867

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Josh Gray

hello@joshgray.realtor +1(979) 450-9442

Listed by Andy Yau • RE/MAX Shoreline

$495,000

Est. payment - /mo

4 Beds

2 Baths

3,015 SqFt

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UPDATED:

12/01/2024 01:47 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,015 sqft

Price per Sqft $164

MLS Listing ID 4955318

Bedrooms 4

Full Baths 2

Construction Status Existing

Year Built 1970

Lot Size 1.400 Acres

Acres 1.4

Property Description

BACK ON MARKET due to financing. Previously under contract for significantly higher. $55,000 price drop. Property price is already adjusted to reflect the work needed***Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.

Location

State NH

County Nh-strafford

Area Nh-Strafford

Zoning HC

Rooms

Basement Entrance Walkout

Basement Full, Unfinished, Walkout

Interior

Cooling Other

Exterior

Utilities Available Cable - Available, Phone

Roof Type Shingle - Asphalt

Building

Story 1.5

Foundation Block

Sewer Private

Construction Status Existing

Schools

Elementary Schools East Rochester School

Middle Schools Rochester Middle School

High Schools Spaulding High School

School District Rochester

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Josh Gray

+1(979) 450-9442

Agent | License ID: 067254, 080080, 082.0135079

Agent License ID: 067254, 080080, 082.0135079

287-289 Milton RD Rochester, NH 03867

Josh Gray

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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