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$ 385,000
Est. payment /mo
New
320 London ST Portsmouth, VA 23704
UPDATED:
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
Property Description
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
Location
State VA
County Portsmouth
Area 21 - Central Portsmouth
Zoning HLO
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
Building
Story 2.0000
Foundation Basement
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
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Listed by LPT Realty LLC