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$924,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
Subdivision Westhaven
MLS Listing ID 10608188
HOA Y/N No
Year Built 1964
Annual Tax Amount $4,753
Property Description
Smart investors, take note! Opportunity is calling from the heart of Westhaven in Central Portsmouth—a proven multifamily corridor celebrated for steady tenancy and powerful portfolio growth. This 4,800-square-foot, 8-unit brick-block building showcases solid construction, thoughtful management, and key capital improvements with a new roof and windows in 2022. Six units are currently leased, generating strong income with a projected market rent surpassing $9,300 monthly. A RUBS utility system minimizes owner expenses and maximizes cash flow, while proximity to Olde Towne Portsmouth, Rivers Casino, Norfolk Naval Shipyard, and I-264 ensures perpetual renter demand. Surrounded by shopping, dining, and dynamic city redevelopment, this property positions itself for long-term appreciation and stable returns. Hurry to schedule a private viewing now before someone else buys YOUR INVESTMENT!
Location
State VA
County Portsmouth
Area 21 - Central Portsmouth
Zoning URH
Interior
Hot Water Electric
Heating Basebd
Cooling Window/Wall
Flooring Carpet, Laminate/LVP, Vinyl
Exterior
Parking Features Lot, Off Street, Street
Utilities Available City Sewer, City Water, Electric
Roof Type Other
Building
Story 2.0000
Foundation Slab
Schools
Elementary Schools Westhaven Elementary
Middle Schools Cradock Middle
High Schools Manor High
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Atlantic Sotheby's International Realty
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Davina Hughes
Team Lead