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5258 Pickering Road
Rochester, NH 03867

Residential Multi Family (Other)

0.34 Acres
5014 Sqft Living Area

8 Bedrooms

6 Bathrooms (6 Full, 0 Half)

Year Built: 1900

$859,900

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Property Description

Discover the ideal 6-unit portfolio investment, comprising two separate, sought-after buildings in Gonic, Rochester, with breathtaking Cocheco River views. This exceptional value-add opportunity offers a potential cap rate exceeding 13%. Both buildings feature sharp siding and newer roofs, enhancing their impressive curb appeal. Tenants enjoy direct Cocheco River frontage from their expansive backyard, with 180-degree views from their units. They can conveniently canoe and fish right from their property. The buildings are well-maintained by tenants who take pride in their living spaces. Step inside the units to experience their unique charm, featuring beautiful hardwood floors, tin and tray ceilings, exposed wood beams, and crown molding. The property benefits from low expenses due to separate utilities, and ample parking is available on an adjacent lot. Enjoy the convenience of both buildings being on adjacent lots, simplifying snow plowing, landscaping, and maintenance. Additionally, this investment is located in the desirable Gonic school district, close to the public school and pool. The prime location is just 2.5 miles from downtown Rochester, .5 miles from Route 16, and 20 miles from Portsmouth. Don't miss out on this incredible investment opportunity. Act fast, as these properties will not last long. Delayed private showings begin on Saturday, June 22, between 12 and 2 PM.