47 Hanson St Rochester, NH 03867
- Investment properties
- 748 SF
- 0.02 lot acres
Current Use by Public Records
- Investment properties
Property Details for 47 Hanson St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.02 lot acres
- Property size
- 748 SF
- Zone code
- DTC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- RCHE M:0120 B:0382 L:0000
- APU
- RCHEM0120B0382L0000
Description
This 748-square-foot, two-unit apartment building located at 47 Hanson St, Rochester, NH 03867, presents a unique investment opportunity. Built in 1900, the property is priced at $150,000, or $75,000 per unit. The asking price translates to $200.53 per square foot. Situated in downtown Rochester, this property offers significant potential for rehabilitation and redevelopment. The existing structure requires extensive renovations, making it an attractive option for a "BRRRR" strategy. The downtown commercial zoning allows for relaxed density requirements and no setback requirements, presenting the possibility of expanding the existing structure or constructing a larger building by potentially increasing the lot size through acquisition of adjacent land. This property is ideally suited for investors seeking to leverage Qualified Opportunity Fund (QOF) benefits and potential local 79E tax advantages. Rochester's growth, fueled by projects like the Ridge expansion and the Hoffman project, makes this a compelling investment in a thriving Seacoast city. Consider purchasing this property as a package with MLS #4968544.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.974
- Latitude
- 43.3047
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
