Bought with Caitlin Burke with The Boulos Company and Listed by Joe Leddy with Duston Leddy Real Estate Cell: 603-494-6864

Sold

423 Court Street

Portsmouth NH, 03801

$1,131,000


$266.68 per sqft

Sold

6 Beds

6 Baths

4,241 sqft

Multi-family

Built in 1814

Being sold with 19 Atkinson (mls 5011661). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth's best locations. These strategically positioned properties offer compelling investment prospects, with strong rental histories and potential for growth. *Atkinson Street Building*: This well-maintained property features three one-bedroom units, each with a solid rental track record, offering immediate income potential. *Court Street Building*: This property includes 6 units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience and value for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing in Portsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units and adjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth's growth. Don't miss out on this prime investment opportunity in Portsmouth's dynamic real estate market. Schedule a showing and discover how these multifamily buildings can become valuable assets in your investment portfolio.

5011667

MLS ID

August 28, 2024

Listed

February 24, 2025

Updated

Interior Features

Bedrooms

6


Total Bathrooms

6


Floor Description

Carpet, Other, Vinyl, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Water, Gas - Natural

Exterior/Building Features

Lot Size

0.07 Acres


Lot Features

In Town, Near Shopping, Neighborhood


Roof

Flat, Other


Sewer

Public

School Information

School District

Annual


High School

Portsmouth High School


Elementary School

Little Harbor School

Other Property Details

Area Name

NH-Rockingham


Taxes

$13,846


Tax Frequency

Annually


Days on Market

35


Garage

No


Parking

Driveway, Parking Spaces 4


View

No

Listing History

Date

Event

Price

11/1/2024

Sold

$1,131,000

10/2/2024

Under contract

10/2/2024

Pending

10/2/2024

Under contract

10/2/2024

Pending

9/11/2024

Price change

$2,995,000

-15%

Bought with Caitlin Burke with The Boulos Company and Listed by Joe Leddy with Duston Leddy Real Estate Cell: 603-494-6864

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