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320 London Street, Central Portsmouth, VA 23704

$385,000

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List Price: $385,000
MLS#: 10651284
Year Built: 1870
Stories: 2
Subdivision: Olde Towne - 119
Neighborhood: Olde Towne

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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

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Additional Information

Heating: Nat Gas
Cooling: Central Air
Exterior: Vinyl, Wood
Roof: Asphalt Shingle
Elementary School: Park View Elementary
Middle School: Churchland Middle
High School: Ic Norcom