NOT LISTED FOR SALE

51 Summer St Rochester, NH 03867

6 Beds
4 Baths
4,079 Sq Ft
8,276 Sq Ft Lot

Last Sold February 24, 2021

Last sale price $451,000 $111 Per Sq Ft

23 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 5-minute walk to John Shaw Park
  • Baseboard Heating
  • Walk-Up Access

About This Home

As of February 2021

First time homebuyers and investors take notice! Look no further, this stunning investment with beautiful victorian craftsmanship, is the one everyone has been looking for. The owner takes pride and glory in his building and has updated the building throughout with a new roof, new heating systems, porch/decks, doors, lifetime warranty windows and more! With over 4000 finished SF, this building includes three-one bedroom units, a townhouse style 3 bedroom unit, and also an illegal unit used for storage. Tour through the units, and experience the units large spacious rooms, nice hardwood floors and custom kitchen cabinets. Tenants enjoy 8+ parking spaces, a large spacious backyard, and also their own individual washer/dryer! Not just a stunner, but it is also a cash maker with potential over a 10% cap rate! That is not all, units have separate utilities and the location is excellent, as tenants are located in the heart of downtown and are only steps away from restaurants, convenience stores, post office, major routes and more. Private delayed showings begin on Saturday January 16, from 1:00 to 3:00. Agents see non-public remarks.

Last Agent to Sell the Property

Andy Yau

RE/MAX Shoreline Listed on: 01/13/2021

RE/MAX Shoreline

Last Buyer's Agent

Paula Igoe

Arthur Thomas Properties License #055386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,580

Year Built

  • Built in 1901

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 4,079 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Basement

  • Walk-Up Access
  • Dirt Floor

Parking

  • 510 Car Parking Spaces
  • Paved Parking

Schools

  • Chamberlain Street Elementary School
  • Rochester Middle School
  • Spaulding High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Separate Meters
  • 220 Volts
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0069

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $13,931
  • Gross Income $50,700
  • Net Operating Income $36,769

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,580

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 110.57
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4079
  • Sq Ft - Apx Total Finished: 4079
  • Property Type: Multi-Family
  • Year Built: 1901
  • Remarks Public: First time homebuyers and investors take notice! Look no further, this stunning investment with beautiful victorian craftsmanship, is the one everyone has been looking for. The owner takes pride and glory in his building and has updated the building throughout with a new roof, new heating systems, porch/decks, doors, lifetime warranty windows and more! With over 4000 finished SF, this building includes three-one bedroom units, a townhouse style 3 bedroom unit, and also an illegal unit used for storage. Tour through the units, and experience the units large spacious rooms, nice hardwood floors and custom kitchen cabinets. Tenants enjoy 8+ parking spaces, a large spacious backyard, and also their own individual washer/dryer! Not just a stunner, but it is also a cash maker with potential over a 10% cap rate! That is not all, units have separate utilities and the location is excellent, as tenants are located in the heart of downtown and are only steps away from restaurants, convenience stores, post office, major routes and more. Private delayed showings begin on Saturday January 16, from 1:00 to 3:00. Agents see non-public remarks.
  • L A1 M M S I Memberkey: 620271
  • List Agent: 283493
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 72653
  • S A1 M M S I Memberkey: 18603
  • S O1 M M S I Officekey: 70813
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt
  • Sq Ft - Apx Finished AG: 4079

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Block, Concrete, Granite, Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown

Garage/Parking

  • Parking: Parking Spaces 5 - 10

Utilities

  • Cable Company: xfinity
  • Electric: 100 Amp, 220 Volt, Circuit Breaker(s)
  • Fuel Company: unitil
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Off Boiler
  • Heating Fuel: Gas - Natural, Oil
  • Heating: Baseboard
  • Electric Company: eversource
  • Phone Company: xfinity
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Municipal
  • Utilities: Cable

Schools

  • School District: Rochester School District
  • Elementary School: Chamberlain Street School
  • Middle School: Rochester Middle School
  • High School: Spaulding High School
  • Elementary School: Chamberlain Street School
  • High School: Spaulding High School

Lot Info

  • Map: 0117
  • Lot: 0069
  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: R2
  • Deed Book: 3610
  • Deed Page: 297
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 50700
  • Net Income: 36769
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 7580
  • Tax Year: 2020

MLS Schools

  • School District: Rochester School District
  • School Middle Jr: Rochester Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $451,000 +0.2% $111 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $449,900 -- $110 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4843863

PrimeMLS