45 Hanson St Rochester, NH 03867-2763

This exceptional mixed-use property in downtown Rochester, NH, presents a compelling investment opportunity. The 1,635 square foot building, constructed in 1900 and extensively renovated in 2020, features a two-unit multifamily configuration with 100% occupancy. The renovation included a complete overhaul of the interior, encompassing electrical, plumbing, heating systems, roof, siding, and windows. The property boasts a strong pro-forma NOI of $35,191 and a 7.04% pro-forma cap rate, reflecting its stabilized investment status. The building is classified as Class B and sits on a sizable 0.2-acre lot, zoned DTC, offering significant development potential. The oversized lot allows for the construction of an additional 7+ residential units, expanding the property's value and rental income. Separate utilities, including mini-splits and water & sewer, contribute to efficient management and low expenses. This turnkey investment is ideally suited for a triple net lease, minimizing ongoing operational demands. Located in the heart of downtown Rochester, this property benefits from its prime location in New Hampshire's largest Seacoast city by landmass and population. The property's versatility and potential for expansion make it an attractive investment for both seasoned and emerging investors.