34
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$260,000
Est. payment /mo
1,476 SqFt
New
1525 Des Moines AVE Portsmouth, VA 23704
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,476 sqft
Price per Sqft $176
Subdivision Prentis Place
MLS Listing ID 10635401
Style Converted S.F.
HOA Y/N No
Year Built 1953
Annual Tax Amount $3,145
Lot Size 1476.000 Acres
Property Sub-Type Duplex
Property Description
Opportunities like 1523 & 1525 Des Moines Ave are the "hidden gems" of the Portsmouth market. This dual-asset acquisition allows you to offset your hold of cost from Day 1 with a current tenant 1523 paying $900/month (10,800 in annual gross income), while you unlock the explosive potential of the adjacent unit.
By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity.
In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet.
By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity.
In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet.
Location
State VA
County Portsmouth
Area 21 - Central Portsmouth
Interior
Hot Water Electric
Exterior
Fence Back Fenced
Waterfront Description Not Waterfront
Roof Type Asphalt Shingle
Building
Foundation Slab
Sewer City/County
Water City/County
Schools
Elementary Schools Brighton Elementary
Middle Schools Cradock Middle
High Schools Ic Norcom
Others
Senior Community No
Ownership Simple
Miscellaneous Fixer Upper
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Abrams Realty
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