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11 Cleveland St 3 Unit Apartment Building $590,000 ($196,667/Unit) Rochester, NH 03867
Executive Summary
Investors look no further for a triplex with a current cap rate of 8.15% and upside potential to 10.28%. This property boasts exceptional curb appeal, featuring pristine vinyl siding and newer vinyl trim wrap. Situated in a quiet residential neighborhood surrounded by single-family homes, this is a rare find in today’s multifamily market. Tour through the building and experience the recent updates in one of the two-bedroom units, featuring a new kitchen with stainless steel appliances, a new bathroom with vanity, and new flooring throughout. Also experience the character of the one-level 3BR unit with its spacious bedrooms and living rooms. Tenants enjoy the outdoors on the porch area, and the added convenience of washer/dryer hookups. The top 1 bedroom unit has been well maintained with luxury vinyl flooring , newer tile, and an updated bathroom and more. Enjoy plenty of updates including newer parts of the roof, and newer windows. Tenants and owners enjoy a nice backyard, plenty of parking, garage, and separate utilities for low expenses. Located in up and coming Rochester, the largest city in the Seacoast region by land-mass and population. Embrace a unique investment opportunity in a city brimming with development activity, solidifying its position as the leading seacoast city for construction starts.
Property Facts
| Price | $590,000 | Lot Size | 0.17 AC |
| Price Per Unit | $196,667 | Building Size | 3,342 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2 - Multifamily & Single Family | ||
| Price | $590,000 |
| Price Per Unit | $196,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,342 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1921 |
| Opportunity Zone |
Yes |
| Zoning | R2 - Multifamily & Single Family |
Amenities
Unit Amenities
- Balcony
- Microwave
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Wi-Fi
- Yard
- Basement
- Dining Room
- Lawn
- Mother-in-law Unit
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 3 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | RCHE-000121-000246 | Improvements Assessment | $337,600 |
| Land Assessment | $78,900 | Total Assessment | $416,500 |
Property Taxes
Parcel Number
RCHE-000121-000246
Land Assessment
$78,900
Improvements Assessment
$337,600
Total Assessment
$416,500
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Contact the Sale Advisor
11 Cleveland St