Skip To Content

430 High St

Portsmouth, VA 23704
  • $1,250,000
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: 10447431
UPDATED: 58 min ago
$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. 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.

Monthly Payment Calculator

www.millerrealestategroup.org/homes/130805944
Print Image

430 High St Portsmouth, VA 23704

  • Price: $1,250,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 58 min ago
  • ID#: 10447431
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. 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.
Exterior Features

Construction BlockFrame Exterior Siding Brick Foundation Type Basement Garage YN No Parking 1 SpaceAssigned/ReservedStreet Roof Poly Skin

Interior Features

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

Real Estate Information Network logoListing provided courtesy of Atlantic Sothebys Int'l Realty: 757-777-9870
© 2022 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
 
https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10447431-2.jpg https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10447431-2.jpg https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10447431-2.jpg
Logo
The Miller Real Estate Group
4700 Thoroughgood Square
Virginia Beach VA, 23455