214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
214 Myrtle Avenue
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$915,000

214 Myrtle Avenue

4 Baths 2,500 Sq.Ft.

Description

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.

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Location

214 Myrtle Avenue, Portsmouth, NH 03801

Status

Sold

Property Amenities

Interior
Flooring Laminate, Vinyl, Wood
Full Bathrooms: 4
Area & Lot
Lot Area 0.45 Acres
Living area 2,500 Sq.Ft.
MLS® ID 4854938
Year Built 1800
High School Portsmouth High School
Middle School Portsmouth Middle School
Elementary School New Franklin School
Architecture Styles Apartment Building, Multi-Family
Type Multi-Family
Status Sold
Exterior
Air conditioning None
Heat type Hot Water, Radiator
Water Source Public
Sewer Public
Other Exterior Features Vinyl Siding
Parking Driveway, Off Street
Lot Features Level
Roof Shingle - Asphalt
Utilities Gas - On-Site, Internet - Cable
Finance
Sales Price $915,000
Real Estate Tax $7,844 yearly

Work With Us

We are skilled negotiators who always ask tough questions to ensure the client's best interests are at the forefront. We pride ourselves on making each client feel as if they are our only client while remaining calm, supportive, and providing invaluable advice that is crucial for successfully navigating today's rapid-paced and competitive Seacoast real estate market.