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...
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.
Central Air Conditioning
Wood Siding, Concrete Block
Over 50 Years Old
Atlantic Sotheby’s International Realty is your destination for luxury real estate listings. This property for Sale at Old Towne, Portsmouth, Virginia 23704 United States is a with 8 bedrooms, 11 full baths, and partial baths. It is located in , Portsmouth, Virginia, and is in the 23704 zip/post code area. This home of 24,827 Sq.Ft. was built in and is on a 10,890 Acres lot. Atlantic Sotheby’s International Realty also has property listings in cities near Portsmouth, including Chesapeake, Portsmouth and South Norfolk. If you would like more information about this home for Sale at Old Towne, Portsmouth, Virginia 23704 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.
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