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214 Myrtle AvenuePortsmouth, NH 03801MLS Number 4854938

  • Price: $925,000The price has recently decreased
  • Est. Mortgage of $/month
  • 28 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 2.98% last updated on 2021-04-29

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Active with Contract
214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801214 Myrtle Avenue Portsmouth NH 03801
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  • $925,000List Price
  • 4Bathrooms
  • 0.45Acreage
  • 2,500Square Feet
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.
Listed by Jeffrey Levine of Bean Group / Portsmouth

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More Info

Basic Information

  • StatusActive With Contract
  • Property TypeMulti-Family
  • List Price$925,000
  • MLS Number4854938
  • MLS StatusActive Under Contract

Property

  • Acreage0.45
  • Parking Spaces
  • Lot2
  • Square Feet2,500
  • APX Fin AG Sqft2,500
  • RoadsPublic
  • Lot DescriptionLevel Neighborhood

Utilities

  • Heat FuelGas - Natural
  • Heat SystemHot Water, Radiator
  • UtilitiesGas - On-Site, Internet - Cable
  • WaterPublic
  • Water HeaterGas - Natural, Tank
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • TownPortsmouth
  • StateNH
  • Zip03801
  • CountyRockingham
  • ZoningSRB
  • Elementary SchoolNew Franklin School
  • Junior HighPortsmouth Middle School
  • High SchoolPortsmouth High School
  • Flood Zone Y/NNo

Interior

  • FloorsLaminate, Vinyl, Wood

Exterior

  • ExteriorVinyl Siding
  • RoofShingle - Asphalt
  • Exterior ColorWhite

Other

  • Taxes$7,844
  • Seasonal Y/NNo
  • TrashMunicipal
  • Date Showings Begin2021-04-13
  • Unit 1 Deposit$1,500
  • Unit 2 Rent Amount$1,250
  • Unit 3 Rent Amount$1,600
  • Unit 4 Rent amount$2,000
  • View Count2

Building

  • Year Built1800
  • Building ConstructionWood Frame
  • StyleApartment Building, Multi-Family
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 3 Total Rooms3
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 Total Rooms5
  • # of 1 Bedrooms4
  • Bathroom4
  • Total Baths4
  • BasementConcrete Floor, Unfinished
  • FoundationBrick, Concrete
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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 7, 2021.

 

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From Our Clients

"I wanted to thank you for your persistence and flexibility in working with me and Amy on the purchase of our Durham NH Home. It is exactly what we wanted thanks to your guidance and knowledge of the area. But the best was that you made it all happen in a relatively short period of time."

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