43-45 Congress Street, Rochester NH 03867

Large, fully-occupied 4-unit multifamily property near Downtown Rochester consisting of four spacious 2-bedroom, 1-bathroom units. This property has been significantly improved by the current owner, who has recently turned two of the apartments and increased rents across all four units. Income is terrific at $7,780/month ($1,945/unit/month) or ~$93K/year, and further upside income potential exists for a new owner willing to renovate. Tenants pay for their own heat, hot water, and electricity and the landlord pays for only water/sewer. The property’s ~$65K/year in NOI makes this listing a 9.3% cap. The property provides four off-street parking spaces and ample street parking is available in the immediate vicinity. Owner is a real estate licensee.