58 Pickering Rd - Apartments FOR SALE


Rochester, NH 03839
$399,900 USD
603-431-1111
58 Pickering Rd, Rochester, NH for Sale
$399,900 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

58 Pickering Rd
Rochester, NH 03839


HIGHLIGHTS

  • Potential Cap Rate Over 13%
  • Excellent Curb Appeal with a Young Roof and Sharp Siding
  • River-frontage right from the backyard
  • Canoe and Fish right from the backyard

OVERVIEW

Look no further for the ideal triplex investment in sought-after Gonic, Rochester, boasting incredible Cocheco River views. This is the perfect opportunity for value-add, with a potential cap rate exceeding 13%. The building impresses with its sharp siding and a young roof, enhancing its curb appeal. Tenants enjoy Cocheco River frontage right from the steps of their large backyard, and 180 degree views from their units. Canoe and fish at the river right from their convenience. The building is well maintained by the tenants who enjoy living in the space. Tour the units and experience its character, featuring beautiful hardwood floors, tin ceilings, exposed wood beams, and crown molding. The property benefits from low expenses thanks to separate utilities and there is parking on an adjacent lot. That is not all, enjoy being in the Gonic school district, with proximity to the public school and pool. Act fast as this will not last. Enjoy the convenience of location being 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Delayed private showings begin on Saturday, June 22 between 12 to 2PM.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$169 USD /SF

# OF UNITS

3

PRICE/UNIT

$133,300

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

58 Pickering Rd, Rochester, NH

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

Mix

APN/PARCEL ID

RCHE-000138-000028

ASK ABOUT THIS PROPERTY

Andy YauRE/MAX ShorelineMore Info
603-431-1111

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Andy YauRE/MAX ShorelineMore Info
603-431-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.