1870 Year Built

Tremendous investment opportunity offered at a great price in Olde Towne Portsmouth! Ready for a buy and hold or update and dramatically increase equity. 3 Units: Building sq ft: 3,430, All units have central AC. All units have auto 1 yr renewal, 60 day renewal notice periodUnit 1A: 2 bedroom, 1 bath, sq ft. Rents for $1,500 a month*Lease end date 01/31/2025 Unit 2A: 1 bedroom, 1 bath, 700 sq ft. Rents for $800 a month (barely raised in 10 years)*Lease end date 10/31/2017 Unit 2B: 1 bedroom, 1 bath, 700 sq ft. Rents for $825 a month*Lease end date 03/31/2019Total Rental Income: $3,125

Listed by LPT Realty LLC

GALLERY

PROPERTY DETAIL

Key Details

Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Olde Towne - 119
MLS Listing ID 10651284
HOA Y/N No
Year Built 1870
Annual Tax Amount $5,479
Location

State VA
County Portsmouth
Area 21 - Central Portsmouth
Zoning HLO
Building

Story 2.0000
Foundation Basement

Interior

Hot Water Gas
Heating Nat Gas
Cooling Central Air
Flooring Carpet, Ceramic, Wood
Exterior

Parking Features Lot, Off Street, Street
Utilities Available City Sewer, City Water, Electric, Gas, Meter
Roof Type Asphalt Shingle
Schools

Elementary Schools Park View Elementary
Middle Schools Churchland Middle
High Schools Ic Norcom
Others

Senior Community No
Ownership Simple
Disclosures Disclosure Statement, Historical District
Special Listing Condition Disclosure Statement, Historical District