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

MLS: 10447431   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



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This property is a rare opportunity to own and redevelop a historic mixed use building in Olde town Portsmouth. There are currently are 8 fully occupied apartments on the third floor, rental income $6,600/mo. Three 1 bedroom and five 2 bedroom apartments, recently renovated and under market rent. The first and second floor was once a dinner theater, and has a a city tax credit available for keeping high ceiling height, but could be converted into additional 6 apartments plus commercial lease space. There are several offices, bathrooms, and kitchen space. 48 hours notice to shoe commercial space, listing agent must accompany showing. POF required prior to scheduling. Occupied units available to show with acceptable offer. 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
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

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Gallery (19 photos)

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Property vs Zip Code Avg (23704)

Price 1.25M Avg 938K

Taxes $8,930 Avg $6,792

Visits 43 Avg 46

Days on Site 80 Avg 84

Walkscore® 84 Avg 84

Data Provided by Walkscore ® not using MLS data

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Listed By: Atlantic Sothebys Int'l Realty

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