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48 Lafayette St
Rochester, NH 03867
46-48 Lafayette Street · Multifamily Property For Sale
·
3 Units
Executive Summary
Cash flow, upgrades, and awesome tenants—this three-unit property features a potential cap rate over 15%. Boasting large apartments totaling 3,508 square feet, there is also a top floor ready for a potential additional unit or expansion. Tour the units to experience updates throughout, including newer flooring, kitchens with granite countertops, stainless steel appliances, and in-unit washers and dryers that stay with the building. The bathrooms have also been refreshed with newer flooring, tubs, and vanities. The building itself is well-maintained, boasting a newer metal roof, some updated windows, and recent exterior doors and heating systems. Outside, tenants have ample parking. A detached garage with an automatic electric door and workshop sits on the property, which is gated for privacy. The seller appreciates the corner lot, separate utilities, and tenants with a strong rental history, all backed by full security deposits.Tenants enjoy being on a quiet street located close to city restaurants, convenient commutes, parks, schools and more. Private showings on Friday 4-6PM & Saturday 11-1PM
Property Facts
| Price Per Unit | $221,932 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1901 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R2 - Residential | ||
| Price Per Unit | $221,932 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1901 |
| Opportunity Zone |
Yes |
| Zoning | R2 - Residential |
Property Taxes
| Parcel Number | RCHE-000124-000049 | Improvements Assessment | $384,743 CAD |
| Land Assessment | $104,356 CAD | Total Assessment | $489,098 CAD |
Property Taxes
Parcel Number
RCHE-000124-000049
Land Assessment
$104,356 CAD
Improvements Assessment
$384,743 CAD
Total Assessment
$489,098 CAD
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