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$1,131,000
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Property Description
Being sold with 19 Atkinston (multi mls 5011661). Take this opportunity to invest in 2 multifamily buildings in one of Portsmouth's best locations. Thesestrategically 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 propertyincludes 6 units, with two currently vacant, presenting a prime opportunity for value enhancement. A coin-operated laundry serves both buildings, adding convenience andvalue for tenants. Both buildings share four parking spots, currently assigned to existing tenants based on seniority, with future flexibility for reallocation. Investing inPortsmouth means capitalizing on a thriving real estate market that combines immediate rental income with significant potential for future appreciation. The city's strongrental demand, driven by its appealing lifestyle and prime location, ensures that these properties are well-positioned for continued success. Enhancing the vacant units andadjusting rental rates offers an opportunity to maximize returns and further capitalize on Portsmouth's growth. Don't miss out on this prime investment opportunity inPortsmouth's dynamic real estate market. Schedule a showing and discover how these multifamily buildings can become valuable assets in your investment portfolio.
Full Property Details
Full Property Details for 423 Court St
General
- Sold For: $1,131,000
- Taxes: $13,846 (2023)
- Status: Closed
- Type: Commercial Multi-Family
- Source: NNEREN
- MLS ID: 5011698
- Added to Site: 71 day(s) ago
Parking
- Parking: Off Street
Location
- County: Rockingham
Heating & Cooling
- Heating Type: Hot Water
- Heating Fuel: Gas - Natural
Utilities
- Sewer: Public
Structural Information
- Basement Entrance: Interior
- Basement Desc.: Unfinished
- Square Feet: 4,241
- Year Built: 1814
Unit Information
- Units in Building: 6
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Frontage: TBD
- Zoning: CD4-L1
Financial Considerations
- Price Per Sq. Ft.: $266.68
- Tax Amount: $13,846
- Tax Year: 2023
Listed by Duston Leddy Real Estate, Joe Leddy
Sold by The Boulos Company, Caitlin Burke
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Schools
Schools serving 423 Court St
School District:Portsmouth School District
Rating | Name | Grades | Distance |
---|---|---|---|
50 Clough Dr, Portsmouth, NH 03801 | PK-5 | 0.7 mi | |
155 Parrott Ave, Portsmouth, NH 03801 | 6-8 | 0.4 mi | |
50 Andrew Jarvis Dr, Portsmouth, NH 03801 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 423 Court St
Date
Details
Price
Change
Source
10/31/2024
Sold
$1,131,000
-62.24%
MLS
9/11/2024
Price Reduced
$2,995,000
-14.4%
MLS
8/28/2024
Listed
$3,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
423 Court Street, Portsmouth, NH 03801 (MLS# 5011698) is a Commercial Multi-Family property that was sold at $1,131,000 on October 31, 2024. Want to learn more about 423 Court Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.