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58 Pickering Rd, Rochester, NH 58 Pickering Rd 3 Unit Apartment Building $399,900 ($133,300/Unit) Rochester, NH 03839
INVESTMENT HIGHLIGHTS
- Potential Cap Rate Over 13%
- River-frontage right from the backyard
- Excellent Curb Appeal with a Young Roof and Sharp Siding
- Canoe and Fish right from the backyard
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Basement
- Deck
- Den
- Dining Room
- Family Room
- Lawn
- Office
- Window Coverings
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | 650 |
| 1+1 | 3 | - | 650 |
1 1
PROPERTY TAXES
| Parcel Number | RCHE-000138-000028 | Improvements Assessment | $345,200 |
| Land Assessment | $54,500 | Total Assessment | $399,700 |
PROPERTY TAXES
Parcel Number
RCHE-000138-000028
Land Assessment
$54,500
Improvements Assessment
$345,200
Total Assessment
$399,700
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58 Pickering Rd, Rochester, NH | 58 Pickering Rd
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