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430 High St

Portsmouth, VA 23704
  • $1,250,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: 10406074
$1,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941

School Information

Elementary School:
Middle School:
High School:

Description

This property is a rare opportunity to own and redevelop a historic mixed use building in Olde town Portsmouth. This true diamond in the rough could be brought back to life with the right vision. There currently are 8 fully occupied apartments on the third floor, rental income is $6,600/mo. Three 1-bedroom, and five 2-bedroom apartments each with a full bathroom, recently renovated and under rental value. The first and 2nd floor was once a dinner theater, and has a city tax credit for keeping high ceiling height, but could be converted into additional apartments. There are several other offices, bathrooms and kitchen space. Elevator is maintained and inspected regularly. The possibilities are endless. Showings are available by appointment only, agent must be present. Please Do Not Disturb Tenants.

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www.coastalhomesofva.com/homes/122294739
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430 High St Portsmouth, VA 23704

  • Price: $1,250,000
  • Status: Active
  • ID#: 10406074
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1941
Built
Neighborhood:
Olde Towne - 119
Area:
21 - Central Portsmouth
Elementary School:
Park View Elementary
Middle School:
Churchland Middle
High School:
IC Norcom
Property Description
This property is a rare opportunity to own and redevelop a historic mixed use building in Olde town Portsmouth. This true diamond in the rough could be brought back to life with the right vision. There currently are 8 fully occupied apartments on the third floor, rental income is $6,600/mo. Three 1-bedroom, and five 2-bedroom apartments each with a full bathroom, recently renovated and under rental value. The first and 2nd floor was once a dinner theater, and has a city tax credit for keeping high ceiling height, but could be converted into additional apartments. There are several other offices, bathrooms and kitchen space. Elevator is maintained and inspected regularly. The possibilities are endless. Showings are available by appointment only, agent must be present. Please Do Not Disturb Tenants.
Exterior Features

Construction BlockFrame Exterior Siding Brick Foundation Type Basement Garage YN No Parking 1 SpaceAssigned/ReservedStreet Roof Poly Skin

Interior Features

Accessibility Elevator Cooling Central Air Flooring Type CarpetVinyl Furnished YN No Heating Forced Hot AirNat Gas Water Heater Type Gas

Property Features

Apartment Type Other Contingency Exists Non Contingent Disclosure Disclosure StatementHistorical District Features ElevatorLaundry Room Ownership Type Simple Possession Settlement Tax Amount Approx 8930 Utilities City SewerCity WaterElectricGasMeter Zoning T5

Listing provided courtesy of Atlantic Sothebys Int'l Realty
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