NOT LISTED FOR SALE

9 Ela Ct Rochester, NH 03867

9 Beds
5 Baths
3,975 Sq Ft
0.51 Acres

Last Sold November 04, 2022

Last sale price $625,000 $157 Per Sq Ft

9 Days on Market

About This Home

As of November 2022

Investors take notice of this one of a kind moneymaker that checks all your boxes with an unbelievable 9.24% cap rate with potential over 10.84%! This quadplex is approximately 4000 SF, is meticulously maintained and comes with river-front views of the Cocheco River. Enjoy an investment that has been completely de-leaded and certified by the state as lead safe. Tour through the building and experience updates throughout which include one unit being completely remodeled from the studs including a new kitchen, new bathroom, new walls, new flooring and more. As you walk into the unit, you’ll experience magnificent river/forest views right from your living room window. Kitchen’s come with stainless steel appliances and some units with washer/dryer’s in unit. Another unit with 3 BR’s has been recently remodeled with engineered LVP flooring, and new led lighting throughout. This unit has been left vacant for the perfect owner occupied buyer who wants to house hack with 3 other units paying their mortgage. Additionally, it has access to the top level which has potential for expansion for additional living space and additional income. Many other updates can be seen including a new roof, newer windows, easy vinyl siding, new house panel, new central AC system and newer heating systems. Thats not all, owners and tenants enjoy separate utilities, plenty of parking, a quiet neighborhood, and a convenience of location. Delayed showings until the open house on Sun Oct 23, from 11 to 1PM.

Last Agent to Sell the Property

Andy Yau

RE/MAX Shoreline Listed on: 10/19/2022

RE/MAX Shoreline

Last Buyer's Agent

Scott Perdue

Restore Realty License #070363

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1882

Lot Details

  • 0.51 Acre Lot
  • Landscaped
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 3-Story Property
  • Partially Finished Basement
  • Walk-Up Access

Schools

  • East Rochester Elementary School
  • Rochester Middle School
  • Spaulding High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Block 0038

Property Details

Home Type

Multi-Family

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 157.23
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5781
  • Sq Ft - Apx Total Finished: 3975
  • Year Built: 1882
  • Remarks Public: Investors take notice of this one of a kind moneymaker that checks all your boxes with an unbelievable 9.24% cap rate with potential over 10.84%! This quadplex is approximately 4000 SF, is meticulously maintained and comes with river-front views of the Cocheco River. Enjoy an investment that has been completely de-leaded and certified by the state as lead safe. Tour through the building and experience updates throughout which include one unit being completely remodeled from the studs including a new kitchen, new bathroom, new walls, new flooring and more. As you walk into the unit, you’ll experience magnificent river/forest views right from your living room window. Kitchen’s come with stainless steel appliances and some units with washer/dryer’s in unit. Another unit with 3 BR’s has been recently remodeled with engineered LVP flooring, and new led lighting throughout. This unit has been left vacant for the perfect owner occupied buyer who wants to house hack with 3 other units paying their mortgage. Additionally, it has access to the top level which has potential for expansion for additional living space and additional income. Many other updates can be seen including a new roof, newer windows, easy vinyl siding, new house panel, new central AC system and newer heating systems. Thats not all, owners and tenants enjoy separate utilities, plenty of parking, a quiet neighborhood, and a convenience of location. Delayed showings until the open house on Sun Oct 23, from 11 to 1PM.
  • List Agent: 283493
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Partially Finished
  • Sq Ft - Apx Finished AG: 3975
  • Sq Ft - Apx Unfinished BG: 1806

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Cooling: Central AC
  • Separate Utilities: Yes
  • Utilities: Cable - Available

Schools

  • School District: Rochester School District
  • Elementary School: East Rochester School
  • Middle School: Rochester Middle School
  • High School: Spaulding High School
  • Elementary School: East Rochester School
  • High School: Spaulding High School

Lot Info

  • Map: 0124
  • Lot: 0000
  • Lot Sq Ft: 22216
  • Lot Acres: 0.51
  • Lot Description: City Lot, Landscaped
  • Surveyed: Unknown
  • Zoning: R2
  • Deed Book: 4674
  • Deed Page: 239
  • Deed Recorded Type: Warranty

Tax Info

  • Taxes TBD: Unknown

Multi Family

  • Total Full Baths: 5
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

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 Change Sq Ft Price
11/04/2022 11/04/22 Sold $625,000 -3.8% $157 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $649,900 +106.3% $163 / Sq Ft
07/29/2019 07/29/19 Sold $315,000 +5.1% $79 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $299,700 -- $75 / 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: 4934262

PrimeMLS