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Listed by Jeffrey Levine of Bean Group / Portsmouth
CHECK OUT THE CASH FLOW, great return on investment! This solid 4-unit multi-family building produces $76,200 OF GROSS INCOME with a net operating income of $60,000 plus. Fully rented with lease agreements in place, great rental history. Set on a nice .45-acre lot within walking distance to downtown Portsmouth, 8 OFF STREET parking spaces (2 for each unit). EXCELLENT CONDITION, with many recent updates. Phenomenal floor plan, all 4 units are 1-bedroom units, three of which are beautifully updated with modern kitchens/baths. Much of the original charm/character has been preserved. The roof is 5 years old, the majority of windows have been updated to vinyl double pane, energy audit completed in 2019, building has been re-insulated and is efficient to heat. Full basement offers coin-op laundry for additional landlord revenue. City water/sewer, natural gas service, separate electrical meters for each unit, hardwired smoke detectors, new asphalt driveway in 2018. This is a great investment opportunity! SHOWINGS BEGIN Tuesday 4/13 from 2:00 to 4:00 and Wed 4/14 from 11:30 to 1:30 BY APPOINTMENT ONLY.

Property Details of 214 Myrtle Avenue

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 May 14, 2021.

 

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