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171 North Main Street, Rochester, NH 6-Unit Multifamily | Offered at $900, 000 | Portfolio Option Available Directly adjacent to 173 North Main, this 6-unit multifamily has a strong income profile and upside through continued unit turnover. Three units have been recently updated, while two more have value-add potential through rent increases or cosmetic improvements. 2024 Financials: Total Operating Income: $98, 906. 42 Total Expenses: $31, 469. 43 Net Operating Income (NOI): $67, 436. 99 Cap Rate (at $900, 000): 7. 49% Estimated Annual Cash Flow (at 25% down, 7% interest, 25-yr amortization): ~$21, 511/year Purchase individually or combine with 173 North Main for scale and ease of management. Buyer and buyer agent do own due diligence. 48 hour notice required. Group staggered showings will be scheduled. Proof of funds required to schedule a tour. No seller financing. Adjacent building per MLS: 455983 is also listed. Can be purchased together or separately.
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$900,000
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $727 | $727 | $727 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,976 | $4,375 | $6,027 |
Total Monthly Payment | $4,795 | $5,194 | $6,846 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.