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.
