Bought with Caitlin Burke • The Boulos Company
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Key Details
Sold Price $819,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,466 sqft
Price per Sqft $332
MLS Listing ID 5011661
Sold Date 10/31/24
Bedrooms 3
Full Baths 3
Construction Status Existing
Year Built 1811
Annual Tax Amount $13,625
Tax Year 2023
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Being sold with 423 Court St (mls 5011667). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth’s best locations. These strategically positioned properties offer compelling investment prospects, with strong rental histories and potential for growth. *Atkinson St Building*: This well-maintained property features three one-bedroom units, each with a solid rental track record, offering immediate income potential. *Court St Building*: This property includes six units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience and value for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing in Portsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units and adjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth’s growth. Don’t miss out on this prime investment opportunity in Portsmouth’s dynamic real estate market. Schedule a showing and discover how these multifamily buildings can become valuable assets in your investment portfolio.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning CD4-L1
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Heating Gas - Natural
Cooling None
Flooring Carpet, Other, Vinyl, Wood
Basement Type Unfinished
Exterior
Garage Description Driveway, Parking Spaces 4
Utilities Available Other
Roof Type Flat,Other
Building
Story 3
Foundation Other, Stone
Sewer Public
Construction Status Existing
Schools
Elementary Schools Little Harbor School
Middle Schools Portsmouth Middle School
High Schools Portsmouth High School
School District Portsmouth
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Louden Dennis
Sales Associate | License ID: SA926657
Sales Associate License ID: SA926657