Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence. The separate buildings provide flexibility for investors as well as owner-occupants. Each unit has its own individual heating and hot water system, with tenants responsible for most utilities. Current rents are below market, providing an opportunity to increase rental income through future rent adjustments. Ample parking is also available. The existing five-unit configuration, separate buildings, individual systems, and established rental income provide a solid foundation for an investor looking to add to a multifamily portfolio or an owner-occupant seeking rental income from the additional units.
| Location | |
|---|---|
| City/Town | Portsmouth |
| County | Newport |
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
| Interior | |
|---|---|
| Heating | Baseboard, Forced Air |
| Cooling | Window Unit(s) |
| Interior Features | Ceiling Height (7 to 9 Ft) |
| Additional Information | |
|---|---|
| Tax Assessment | $728,500 |
| Zoning | C |
| Exterior | |
|---|---|
| Acreage | 0.3 |
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