$1,250,000 430 High St Portsmouth, VA

MLS: 10406074   Type: Apartment   County: Portsmouth City   City: Portsmouth   Area: Central Portsmouth   Neighborhood: Olde Towne   Zip: 23704   Style: Apartments 3+     Stories: 3   Taxes: $8,930

Mortgage $5,869 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

0

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1941

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.

Elementary School

Middle School

High School

Park View Elementary
Distance: 0.81 Miles
Churchland Middle
Distance: 5.35 Miles
Ic Norcom
Distance: 1.07 Miles

Area 21 - Central Portsmouth
Construction Block, Frame
Contingencies Feasibility Study/Due Diligence
Cooling Central Air
Elementary School Park View Elementary
Features Elevator, Laundry Room
Heating Forced Hot Air, Nat Gas
High School IC Norcom
Middle School Churchland Middle
Ownership Type Simple
Parking 1 Space, Assigned/Reserved, Street
Property Type Apartments 3+
Roof Poly Skin
Subdivision Name OLDE TOWNE - 119
Type Of Apartment Other
Utilities City Sewer, City Water, Electric, Gas, Meter
Zoning T5

Interior Features

Flooring Type Carpet, Vinyl
Furnished Yn No
Units Total Number 8
Water Heater Type Gas

Exterior Features

Foundation Basement
Garage Y/N No
Siding Brick

Property Schools



Direct Link:

https://virginiabeach.worldclassrealtyva.com/property/4-10406074-430-High-St-Portsmouth-VA-23704

Gallery (19 photos)

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Property vs Zip Code Avg (23704)

Price 1.25M Avg 1.25M

Taxes $8,930 Avg $8,930

Visits 135 Avg 135

Days on Site 109 Avg 109

Walkscore® 84 Avg 84

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Atlantic Sothebys Int'l Realty



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World Class Realty - Lynnhaven
5705 Lynnhaven Pkwy
Virginia Beach, VA
757-267-6601