Seller's Agent in 2021
Michael Whitney
KW Coastal and Lakes & Mountains Realty
(603) 610-8545
23 in this area
278 Total Sales
2 Myrtle St Rochester, NH 03867
--
Bed
--
Bath
4,033
Sq Ft
6,534
Sq Ft Lot
About This Home
As of January 2021Fantastic opportunity to own a unique multi family consisting of 10 units with the following breakdown. 8 Units are Rooming House Units sharing a communal kitchen and 2 bathrooms, one of the 8 units has a private bathroom. There are two additional units referred to as Congress Street which consist of a Studio apartment and then a 1 Bedroom Apartment. The two units on congress street pay some of their utilities. Where are the Rooming House units all utilities are included. This is a great opportunity to have a high yield property while learning how profitable a boarding house can be when taking over one that has been correctly management allowing for turnkey operation! Building has been well maintained with many updates with a CAP Rate of 16%. One or more members of the managing entity is a licensed NH Real Estate Salesperson and/or Broker.
Last Agent to Sell the Property
KW Coastal and Lakes & Mountains Realty License #056048 Listed on: 07/01/2020
Last Buyer's Agent
KW Coastal and Lakes & Mountains Realty License #056048 Listed on: 07/01/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,595
Year Built
- Built in 1902
Lot Details
- 6,534 Sq Ft Lot
- Lot Sloped Up
Parking
- Paved Parking
Home Design
- Brick Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 4,033 Sq Ft Home
- 3-Story Property
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 01
Community Details
Overview
- 10 Units
Building Details
- Operating Expense $20,327
- Gross Income $89,580
- Net Operating Income $63,878
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2021 01/15/21 | Sold | $328,000 | +0.9% | $81 / Sq Ft |
| 12/13/2020 12/13/20 | Pending | -- | -- | -- |
| 10/16/2020 10/16/20 | Price Changed | $325,000 | +0.1% | $81 / Sq Ft |
| 09/16/2020 09/16/20 | Price Changed | $324,700 | -6.6% | $81 / Sq Ft |
| 09/02/2020 09/02/20 | Price Changed | $347,700 | -0.6% | $86 / Sq Ft |
| 08/28/2020 08/28/20 | Price Changed | $349,700 | -6.5% | $87 / Sq Ft |
| 07/31/2020 07/31/20 | Price Changed | $374,000 | -6.3% | $93 / Sq Ft |
| 07/01/2020 07/01/20 | For Sale | $399,000 | -- | $99 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: PrimeMLS
MLS Number: 4814486
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