A rare opportunity in Portsmouth! We are pleased to present this 2-parcel investment property in a prime location! Located near the traffic circle, convenient to downtown Portsmouth, and adjacent to Portsmouth West End Yards, these properties offer a 3-building package nestled in woods and next to Hodgson's Brook. Currently, five apartment rentals and a business rental...please note: owners have not made a market adjustment for rents in many years. All units have been meticulously maintained by a master-licensed and hands-on landlord/owner. The three buildings have been renovated and updated with highly efficient heating systems, building materials, and quality craftsmanship. The Carriage-House/Barn was totally uplifted and rebuilt into a glorious single-family 3-bedroom, 1-bath home with cathedral ceilings and beautiful hardwood beams. The main home on this property has been converted to two units, with a 2-bedroom + office, 2-bath on one side, and a 1-bedroom, 1-bath, 2-story unit on the other. Both units have their own entrances and highly sought-after parking spaces on-site. The adjacent lot features a business on the 1st floor with two 1-bedroom apartments above, each with their own separate entrances consisting of wide hardwood staircases, and views of Hodgson's Brook. Check out the possibility of condo conversion into two luxury townhomes, with room for a separate 2-unit building on the property.
Operating Expenses : Insurance,Water/Sewer
Annual Expenses
Taxes: $18,000
Income
Gross Income | $164,700
NetIncome | $158,028
Appliances : Water Heater–Natural Gas
Construction: Wood Frame | Vinyl Siding
Year Built: 1998
Style: Carriage | Colonial | Multi-Family | Other
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7573
Above Grade Sq.Ft.: 4577
Basement: Concrete | Concrete Floor | Dirt | Gravel | Stairs - Interior | Interior Access | Exterior Access
Foundation: Concrete | Other
Roof: Shingle
Garage And Parking: Driveway | Off Street | On-Site | Parking Spaces 11 - 20 | Paved
Seasonal: No
Heating: Natural Gas | Gas Heater
Cooling: Central AC | Wall AC Units | Individual
Electric: 200 Amp
Utilities: Cable - Available | Gas - On-Site
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Wooded | Near Shopping | Near Hospital
Lot size: 0.71 acres
Zoned: GRA)
Surveyed: Yes
Flood Zone: No
Roads: Paved | Public
Driveway: Paved