287-289 Milton Road

Rochester, NH 03868

$495,000
Price
4
Beds
2
Baths
3,015 Sq. Ft.
$164 / Sq. Ft.
3,015
Sq. Ft.
$164
per Sq. Ft.

Description

BACK ON MARKET due to financing. Previously under contract for significantly higher. $55,000 price drop. Property price is already adjusted to reflect the work needed Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at...BACK ON MARKET due to financing. Previously under contract for significantly higher. $55,000 price drop. Property price is already adjusted to reflect the work needed Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.
  1. Listed by Andy Yau • RE/MAX Shoreline

Property Details for 287-289 Milton Road

Zoning
HC
LISTING UPDATED: 12/01/2024 01:47 PM

Property Details for 287-289 Milton Road

StatusActive
MLS #4955318
Days on Market578
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1970
Lot Size1.40 AC / 60,984 SF
CountyStrafford County

Building Information for 287-289 Milton Road

Stories1Residences2Year Built1970Building Size-Lot Size1.40 AC / 60,984 SF

Property Information for 287-289 Milton Road

Summary
Location and General Information
  • City: Rochester
  • County: NH-Strafford
  • Latitude: 43.375100567316288
  • Longitude: -70.986404830688471
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Road
  • Map: 02021
  • Zip Code: 03867
Taxes and HOA Information
  • Taxes TBD: Unknown
School Information
  • School - High: Spaulding High School
  • School - District: Rochester
  • School - Elementary: East Rochester School
  • School - Middle/Jr: Rochester Middle School
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Block: 0014
  • Lot: 0000
  • Lot - Sqft: 60984.0
  • Lot Features: Open
  • Lot Size Acres: 1.4
  • Road Frontage Length: 620.0
  • Square Feet Apx Finished Above Grade: 3015.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 3015.0
  • Square Feet Apx Total Finished: 3015.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 0.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Block
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1970
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Private
  • Water Source: Drilled Well
  • Utilities: Cable - Available, Phone
  • Separate Utilities: Yes
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Exterior
  • Roof: Shingle - Asphalt
Interior Features
  • Appliances: Water Heater – Electric
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Full, Unfinished, Walkout
  • Heating: Oil, Hot Air
  • Cooling: Other
  • Total Stories: 1.5
Multi Family
Multi-Family Information
  • Total Units: 2
  • Total 1 BR Units: 0
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Style: Single Family Home Cape
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 4
  • Unit 1 Lease Term: Owner Occupied
  • Unit 1 Level Number: 1 & 2
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Owner Occupied
  • Unit 1 Apx Sqft: 1300.0
  • Unit 1 Rooms: 7
  • Unit 1 Rental Amount: $2,500.00
  • Unit 1 Tenant Pays: All Utilities
Unit 2
  • Unit 2 Lease Term: Other
  • Unit 2 Style: Commercial Building
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 5
  • Unit 2 Status: Vacant
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 0
  • Unit 2 Rental Amount: $2,000.00
  • Unit 2 Tenant Pays: All Utilities, Insurance, Other, Taxes, Trash

Property History for 287-289 Milton Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 287-289 Milton Road

This home is within Rochester School District.
Rating
School
Type
Grades
Distance
East Rochester School
Public - PK to 5
Nancy Loud School
Public - K to 4
Rochester Middle School
Public - 6 to 8
Spaulding High School
Public - 9 to 12
Rating
School
Distance
East Rochester School
PublicPK to 5

Nancy Loud School
PublicK to 4

Rochester Middle School
Public6 to 8

Spaulding High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 287-289 Milton Road, Rochester, NH 03868

287-289 Milton Road is a multi-family home for sale in Rochester, NH 03868. This property was listed for sale on June 1, 2023 by RE/MAX Shoreline, it's currently listed at $495,000. This listing's school district is Rochester School District. Nearby schools include East Rochester School, Nancy Loud School and Rochester Middle School. 287-289 Milton Road is a 4-bed, 2-bath, 3,015 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Shoreline

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/30/2024 07:25 PM