22 Highland St, Rochester, NH 03868

Description

Exceptional Cashflow! This meticulously updated triplex is exactly what everyone has been waiting for - ideal for an owner-occupant with tenants covering the majority of the mortgage, or for an investor targeting a strong current cap rate of 9.26%. Located in the east side bordering Maine, this triplex boasts excellent curb appeal, highlighted by a brand-new roof installed this summer, updated vinyl trim, vinyl replacement windows, and refreshed decks with new posts and railings. Tour the units and it’s clear the property has been thoughtfully maintained. You’ll find new flooring and carpets throughout, along with updated kitchens featuring white cabinetry and new tile backsplashes. Each full bathroom has been completely refreshed with new tile backsplashes, vanities, toilets, and flooring. A new furnace with central air conditioning has been installed in the main unit- a true rarity in New England multifamily properties. Separate utilities help keep expenses low for an investor, while four individual driveways provide dedicated parking with ample space overall. The detached garage features its own electrical panel and offers excellent potential for expansion, additional uses or even additional rental income. The home also includes a new shed outback, and recently installed privacy fences. Rounding it out is an incredibly spacious and private backyard, ideal for an owner-occupant to enjoy outdoor living and gather with family and friends during the warmer months. Conveniently located with easy access to Route 16 and just a short drive to Portsmouth, offering convenient access to shopping, dining, and a wide range of amenities.