22 Highland StreetRochester, NH 03867

Description

Exceptional Cashflow! This meticulously updated triplex is exactly what everyone has been waiting for - ideal for an owner-occupant with tenants covering the majority of the mortgage, or for an investor targeting a strong current cap rate of 9.26%. Located in the east side bordering Maine, this triplex boasts excellent curb appeal, highlighted by a brand-new roof installed this summer, updated vinyl trim, vinyl replacement windows, and refreshed decks with new posts and railings. Tour the units and it’s clear the property has been thoughtfully maintained. You’ll find new flooring and carpets throughout, along with updated kitchens featuring white cabinetry and new tile backsplashes. Each full bathroom has been completely refreshed with new tile backsplashes, vanities, toilets, and flooring. A new furnace with central air conditioning has been installed in the main unit- a true rarity in New England multifamily properties. Separate utilities help keep expenses low for an investor, while four individual driveways provide dedicated parking with ample space overall. The detached garage features its own electrical panel and offers excellent potential for expansion, additional uses or even additional rental income. The home also includes a new shed outback, and recently installed privacy fences. Rounding it out is an incredibly spacious and private backyard, ideal for an owner-occupant to enjoy outdoor living and gather with family and friends during the warmer months. Conveniently located with easy access to Route 16 and just a short drive to Portsmouth, offering convenient access to shopping, dining, and a wide range of amenities. PRIVATE showings Saturday 1-3PM and Monday 4-6PM

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Multi-Family / New Englander

Year built

1906

Stories

2

Living area

2,466 Sq Ft

Lot size

0.21 acres

Garage spaces

1

Parking spaces

1

Zoning

R2

Days on market

7

MLS^® Listing#

5112001

Property Features

Exterior

Other

Cooling

None

Heating

Natural Gas

Parking

Gravel · Paved · Shared Driveway · Detached · Assigned · Other

Patio

Deck · Patio

Construction

Vinyl Siding

Foundation

Brick/Mortar · Stone

Roof

Shingle

Other structures

Barn(s)

Utilities

Underground Utilities

Sewer

Public Sewer

Water source

Public

Schools

Elementary

East Rochester School

Middle

Rochester Middle School

High

Spaulding High School

District

Rochester School District

Directions

Take exit 16 from NH-16 north, and then take route 11 to Highland St. Property will be on the right