For Sale
$449,900

7 Kimball StRochester, NH 03867

High-yield, renovated duplex in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This stunning, fully renovated Victorian duplex at 7 Kimball St, Rochester, NH, presents a unique investment opportunity. Built in 1881 and extensively renovated in 2024, this two-unit property boasts 2,428 square feet on a spacious 0.29-acre corner lot with 234 feet of frontage. The property features charming Victorian details, including stained glass transom windows and an octagon window, complemented by modern updates such as new luxury vinyl flooring throughout. Each unit offers generous room sizes, updated kitchens, and in-unit laundry. The property includes a versatile two-car garage barn and a fenced backyard. The current occupancy is 100%, generating a pro-forma NOI of $42,825 and a pro-forma cap rate of 9.52%. The asking price is $449,900, or $224,950 per unit. The property is zoned R2 and offers five parking spaces per unit. This stabilized cash-flow investment is ideally situated near restaurants, convenience stores, and major routes, making it an attractive option for both owner-occupants and investors seeking a strong return. The property's combination of historical charm, modern amenities, and excellent location makes it a truly exceptional investment opportunity.

Highlights

  • Charming Victorian-era duplex.
  • Separate utilities, resulting in low operating expenses.
  • Potential 9.52% capitalization rate.
  • Attached two-car garage/barn.
  • Oversized corner lot (0.29 acres).

Property Details for 7 Kimball St

Property type
Residential income homes, Apartment buildings
Square Feet
2,428 SF
Class
B
Year Built/Renovated
1881/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
12,632 SF
Units
2

Location Insight

City
Rochester
County
Strafford
State
New Hampshire
Latitude
43.3091593
Longitude
-70.9722951
7 Kimball St, Rochester, New Hampshire

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7 Kimball St
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