39 Chestnut Street
Rochester, NH 03867
$719,900
Price
8
Beds
3
Baths
4,001 Sq. Ft.
$180 / Sq. Ft.
4,001
Sq. Ft.
$180
per Sq. Ft.
Description
This spacious 3-unit multifamily generates over $74,000 gross income annually. With an 8.26% cap rate & fully leased, this will be an easy transfer and a quick close is possible. Perfect opportunity for a first time investor or a 1031 Exchange. Sited on an open, level, corner lot this property offers over 4000 square feet of finished living space featuring updated kitchens, hardwood floors and vinyl siding to name a few. Wiring and plumbing updates as well as a new roof w/in the past 8 years in addition...This spacious 3-unit multifamily generates over $74,000 gross income annually. With an 8.26% cap rate & fully leased, this will be an easy transfer and a quick close is possible. Perfect opportunity for a first time investor or a 1031 Exchange. Sited on an open, level, corner lot this property offers over 4000 square feet of finished living space featuring updated kitchens, hardwood floors and vinyl siding to name a few. Wiring and plumbing updates as well as a new roof w/in the past 8 years in addition to an extensive list of more recent improvements. Ample off-street parking available for tenants in addition to several designated public parking spaces on Waldron Ave. Excellent proximity to downtown, highways, hospitals, shopping & schools. Delayed Showings begin Friday, 10/18/24.
- Listed by Michelle Sullivan • The Gove Group Real Estate, LLC
Property Details for 39 Chestnut Street
Parking
Driveway, Off Street, On Street, Parking Spaces 1 - 10, Paved
ZoningR2
LISTING UPDATED: 10/29/2024 04:50 PM
Property Details for 39 Chestnut Street
| Status | Active |
|---|---|
| MLS # | 5018215 |
| Days on Market | 42 |
| Taxes | $7,465 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1901 |
| Lot Size | 0.29 AC / 12,632 SF |
| County | Strafford County |
Building Information for 39 Chestnut Street
Stories2Residences3Year Built1901Building Size-Lot Size0.29 AC / 12,632 SF
Property Information for 39 Chestnut Street
Summary
Location and General Information
- City: Rochester
- County: NH-Strafford
- Directions: Route 16 to Exit 13 Turn right onto Washington, right onto Fairway, left onto Pine to stop sign then turn right onto Waldron St. Property is on the corner of Waldron & Chestnut.
- Latitude: 43.302543729589281
- Longitude: -70.982622644180282
- Road Frontage: Yes
- Seasonal: No
- State: NH
- Street Designation: Street
- Map: 0121
- Zip Code: 03867
Taxes and HOA Information
- Tax Year: 2023
- Taxes TBD: No
Parking
- Garage: Yes
- Garage Capacity: 1.00
- Driveway: Paved
Virtual Tour
- Property Panorama Virtual Tour: https://tour.neren.com/39-Chestnut-Street-Rochester-NH-03867/unbranded
Property
Lot Information
- Block: 0097
- Lot: 0000
- Lot - Sqft: 12632.0
- Lot Features: City Lot, Corner, Landscaped, Level, Sidewalks, Street Lights
- Lot Size Acres: 0.29
- Road Frontage Length: 129.0
- Square Feet Apx Finished Above Grade: 3563.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 438.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 4337.0
- Square Feet Apx Total Finished: 4001.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 336.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: Unknown
- Foundation: Stone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1901
Utilities
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Gas - On-Site
- Total Gas Meters: 2
- Total Electric Meters: 3
- Separate Utilities: Yes
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Color: White
- Construction Materials: Wood Frame, Vinyl Siding
- Features - Exterior: Balcony, Porch - Enclosed, Shed
- Roads: Paved, Public
- Roof: Shingle - Architectural
- Total Ranges: 3
Interior Features
- Appliances: Water Heater–Natural Gas
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Bulkhead, Partially Finished, Stairs - Interior, Interior Access
- Total Full Baths: 3
- Flooring: Carpet, Hardwood, Tile, Vinyl
- Heat Fuel: Electric, Gas - Natural
- Heating: Baseboard, Electric, Gas Heater, Hot Water
- Cooling: None
- Total Refrigerators: 3
- Total Rooms Above Ground: 17
- Total Stories: 2.5
- Total Water Heaters: 3
Multi Family
Income & Expenses Information
- Gross Income: $74,700.00
- Net Income: $59,446.00
- Operating Expense Incl: Insurance, Other, Snow Removal, Water/Sewer
- Operating Expense: $15,254
Multi-Family Information
- Total Units: 3
- Total 1 BR Units: 0
- Total 2 BR Units: 1
- Total 3+ BR Units: 2
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 3
- Unit 1 Lease Term: Annual
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rental Amount: $2,450.00
- Unit 1 Tenant Pays: Electric, Heat
- Unit 1 Info: Appliances Included, Ceiling Fan, Dishwasher, Heat - Natural Gas, Microwave, Range - Electric, Refrigerator
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Baths: 1
- Unit 2 Status: Leased
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 3
- Unit 2 Rental Amount: $2,250.00
- Unit 2 Info: Appliances Included, Ceiling Fan, Microwave, Range - Electric, Refrigerator
- Unit 2 Tenant Pays: Electric, Heat
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,525.00
- Unit 3 Info: Appliances Included, Ceiling Fan, Range - Gas, Refrigerator
- Unit 3 Tenant Pays: Electric, Heat
Rental
Rent Information
- Total Leases: 3
Property History for 39 Chestnut Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 39 Chestnut Street
Taxable ValueLand$40,200Additions$249,800Total$290,000
Tax Record2023$7,465 ($622 / month)
Home Facts
Baths4Total Finished SqFt3,227 SqFtAbove Grade Finished SqFt3,227 SqFtUnfinished Basement SqFt1,752 SqFtStories3Lot Size12,632 SqFtStyleTriplexYear Built1901ZoningR2CountySTRAFFORDAPNRCHE M:0121 B:0097 L:0000
Schools near 39 Chestnut Street
This home is within Rochester School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
William Allen School PublicK to 5 | ||
Rochester Middle School Public6 to 8 | ||
Spaulding High School Public9 to 12 | ||
Maple Street Magnet School PublicK to 5 |
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Rochester
Neighborhoods
Cities
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 The Gove Group Real Estate, LLC
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 11/21/2024 07:11 AM
