323 Dinwiddie St - Apartments FOR SALE


Portsmouth, VA 23704
$525,000 USD
757-952-6660
323 Dinwiddie St, Portsmouth, VA for Sale
$525,000 USD
Apartments - FOR SALE
1/19
null | 7.3% Cap Rate

323 Dinwiddie St
Portsmouth, VA 23704


HIGHLIGHTS

  • 3-Unit Historic Multi-family Investment Property Olde Towne Portsmouth, VA
  • Turn-key investment with limited deferred maintenance and immediate cash flow
  • Upside Potential for increased Rent ands improved NOI with conversion to electric heat pumps for HVAC
  • 3-Units; 3-Beds 1-Bath; each unit 1,975 SF w/ 850 SF private balcony
  • Perfect candidate for Historic Tax Credits
  • Built in 1910 with $175,000+ in improvements in the last 5-years

OVERVIEW

3-Unit Historic Multi-family Investment Property Olde Towne Portsmouth, VA Turn-key investment with limited deferred maintenance and immediate cash flow Walking distance to Portsmouth Naval Hospital 5,925 SF; 0.155 acres Zoning: HR – Historic Residential Built in 1910 with $175,000+ in improvements in the last 5-years Perfect candidate for Historic Tax Credits 3-Units; 3-Beds 1-Bath; each unit 1,975 SF w/ 850 SF private balcony Parking Street with a Permit Private gated backyard Access controlled entry Tenants pay electric / cooling with window AC's Landlord pays heat gas-fired steam boiler and water/sewer Upside Potential for increased Rent and improved NOI with conversion to electric heat pumps for HVAC Occupancy: 100%

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

3

PRICE/UNIT

$175,000

CAP RATE

7.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

HR

APN/PARCEL ID

0008-0370

ASK ABOUT THIS PROPERTY

Michael AllenHarvey Lindsay Commercial Real EstateMore Info
757-952-6660

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Michael AllenHarvey Lindsay Commercial Real EstateMore Info
757-952-6660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.