47 Hanson St Rochester, NH 03867-2722

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.