68 SOUTH MAIN Street, Rochester, NH 03867
sale
$2,300,000
|
Other
Courtesy Of Duston Leddy Real Estate
Positioned in one of New Hampshire s fastest-growing, high-demand rental markets, this institutional-quality 9-unit mixed-use asset delivers a true turnkey, cash-flowing investment opportunity with strong in-place income and zero deferred maintenance. Built with a no expense spared approach, this property stands out as a premium, low-maintenance asset designed for long-term performance. Features include elevator access, secure entry with video surveillance, and on-site coin-operated laundry, all enhancing tenant retention and operational efficiency. The unit mix consists of eight well-appointed residential apartments plus one street-level retail/office space, providing diversified income streams and additional upside potential. Each unit is outfitted with high-efficiency Carrier heat pumps (tenant-paid utilities) a major advantage for investors seeking reduced operating expenses and improved NOI stability. Construction quality is exceptional, featuring: Eagle windows for superior energy efficiency, private balconies on upper-level units (premium rent potential), double offset 2x6 wall construction for sound insulation and tenant satisfaction. The property is fully stabilized with strong-performing tenants, generating approximately $120,000 in net annual income at a + 5.2% cap rate, with potential for future rent growth. Additional highlights: Ample off-street parking (high tenant demand driver), prime urban location supporting consistent occupancy, minimal landlord responsibilities with tenant-paid utilities. This is a rare opportunity to acquire a high-quality, income-producing asset without the risks, delays, or capital requirements of ground-up development. Ideal for cash investors seeking stable returns, passive income, and long-term appreciation in a tax-advantaged state.
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Property Features
- Age: 11-20 Years Old
- Architecture Style: Other
- Building Units: 9
- Cooling System: Central Air
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- MLSID: 5086212
- Roof Type: Membrane
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