47A HANSON STREET Rochester, NH 03867 | Land | Residential Land

$150,000

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Description

Underpriced pre-existing multifamily lot in the heart of downtown. Purchase this property as a package with MLS #4995411. The new owner could increase the lot size and boundary lines with the property next door, to fit a larger new structure. Alternatively fix the existing structure with low costs due to its small size. The property is in need of extensive rehab, but could be an opportunity as a brrrr candidate. Downtown commercial zoning offers no setback requirements and relaxed density requirements for potential additional units. This is the perfect candidate to reap the incredible benefits of a qualified opportunity fund, and local 79E tax benefits. Located in up and coming Rochester, the largest city in the Seacoast region by land-mass and population. Embrace a unique investment opportunity in a city brimming with development activity, with major projects like the ridge expansion and the Hoffman project, solidifying its position as the leading seacoast city for construction starts. Offers as a package will take precedence.

Property Details

List Price $150,000 List Date 2024-06-12 MLS ID 5000024 Status Active Property Type Land Property Sub Type Residential Land County NH-Strafford Days on Market 0

characteristics

Acres 0 lot size area 0.02 Lot SqFt 871.0 lot size units Acres road frontage type Paved road surface type Paved

tax

zoning DC

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2 Buyer Agency Comp. Type % Non-Rep Comp. 1 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 6/12/2024 6:05:25 AM (UTC)