1525 Des Moines AVE, Portsmouth, VA 23704
1525 Des Moines AVE, Portsmouth, VA 23704
1525 Des Moines AVE, Portsmouth, VA 23704
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$260,000
Est. payment /mo
1,476 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Under Contract

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.

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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Real Estate Information Network (REIN)
Listed by Abrams Realty

Nearby Locations

Somer Chambley
Somer Chambley

Agent | License ID: 0225237647

+1(757) 848-6191 | somerc@treg.com

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