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    430 High St

    Portsmouth, VA 23704
    • $1,250,000
    • STATUS: Active
    • ON SITE: 12 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.vr-va.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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    Verian Realty
    3101 Virginia Beach Blvd, Suite 108
    Virginia Beach VA, 23452