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8 Wallace Street, Rochester, NH, 03867 | $286,000
Seller financing available! The seller is motivated to find a buyer. This unique property presents limitless potential for investors and business owners. You can live and operate your business right from home—utilize the lower level for your business and reside on the second or third floors. The second floor features beautiful wood flooring and includes two bathrooms, while the third floor boasts a spacious open-concept space with a bathroom and kitchenette that could be converted into an apartment. Situated in the vibrant heart of downtown Rochester, this property is in an up-and-coming area. It has a partial slate roof, new plumbing, updated electrical systems, and all new electrical wiring and panel for fire alarm system. The lower commercial space has previously served as an ice cream shop, a bakery, an art studio, and was originally a popular local bar. Located in an opportunity zone, this property also provides access to commercial 79E tax incentives. You’ll be within walking distance to shops, restaurants, schools, parks, and more. Buyers are encouraged to conduct their own research regarding zoning and unit conversions. Call for an appointment today! Don’t miss out on this incredible opportunity!
Features
- Property Type: Hospitality,Investment,Multi-Family,Opportunity,Other
- Construction: Wood Frame
- Parking: On-Site,On Street
- Heating: Hot Water,Natural Gas
- Zoning: DTC
- Year Built: 1880
- Approx Sq. Feet: 2,774
- Acreage: 0.05
- Est. Taxes: $3,565
- MLS#: 5020937
- Website: https://www.raveis.com
/prop/5020937/8wallacestreet_rochester_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/24/2024Listing courtesy of HomeSmart Success Realty LLC Phone: 603-932-9300
Listing Agent: Laurie Richards
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
8 Wallace Street, Rochester, NH, 03867
$286,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $228,800 | $228,800 | $228,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $297 | $297 | $297 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,522 | $1,521 | $1,962 |
| Total Monthly Payment | $1,894 | $1,893 | $2,334 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB