Skip To Content

2807 Elm Ave

Portsmouth, VA 23704
  • $240,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 10458693
UPDATED: 33 min ago
$240,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $150
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956

School Information

Elementary School:
Middle School:
High School:

Description

Occupied duplex with long-term tenants at below-market rents. This building has very minimal costs to operate: no ongoing repairs, no unfinished improvements, and no owner-paid utilities. Tenants make their payments early every month, currently $1450 total. Interior is in fair lived-in condition, consistent with long-term tenants. Lots of options here - buy and hold as-is for reliable cash-flow, or vacate, update, and increase rents to $1050+ ($2100+ total), or vacate one unit and owner-occupy. Seller is open to all offers and any source of funds, including VA/FHA loans. Don't miss this great opportunity in a difficult market!

Monthly Payment Calculator

www.vahousehunters.com/homes/133477904
Print Image

2807 Elm Ave Portsmouth, VA 23704

  • Price: $240,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 33 min ago
  • MLS #: 10458693
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,600
SQFT
$150
$/SQFT
1956
Built
Neighborhood:
Brighton
Area:
21 - Central Portsmouth
Elementary School:
Douglass Park Elementary
Middle School:
Cradock Middle
High School:
Manor High
Property Description
Occupied duplex with long-term tenants at below-market rents. This building has very minimal costs to operate: no ongoing repairs, no unfinished improvements, and no owner-paid utilities. Tenants make their payments early every month, currently $1450 total. Interior is in fair lived-in condition, consistent with long-term tenants. Lots of options here - buy and hold as-is for reliable cash-flow, or vacate, update, and increase rents to $1050+ ($2100+ total), or vacate one unit and owner-occupy. Seller is open to all offers and any source of funds, including VA/FHA loans. Don't miss this great opportunity in a difficult market!
Exterior Features

Exterior Siding AluminumStucco Fence Description None Foundation Type Slab Roof Asphalt Shingle Style Over/Under Waterfront Description Not Waterfront Waterfront YN No

Interior Features

Accessibility Main Floor LaundryStepless Entrance Water Heater Type Electric

Property Features

Contingency Exists Non Contingent Disclosure Disclosure StatementRelated To Seller Meters Separate All New Construction YN No Ownership Type Simple Possession Settlement Sewer Type City/County Tax Amount Approx 1631 Water Type City/County Zoning Urh

Real Estate Information Network logoListing provided courtesy of Cova Home Realty: 757-287-9695
© 2022 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
 
https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10458693-2.jpg https://bt-photos.global.ssl.fastly.net/rein/orig_boomver_1_10458693-2.jpg
Logo
Howard Hanna Real Estate Services
5208 Monticello Ave
Williamsburg VA, 23188