1622 Prentis Avenue AVE, Portsmouth, VA 23704
1622 Prentis Avenue AVE, Portsmouth, VA 23704
1622 Prentis Avenue AVE, Portsmouth, VA 23704
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$250,000
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2,000 SqFt
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1622 Prentis Avenue AVE Portsmouth, VA 23704

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Tein Hlwa

Tein Hlwa

+1(757) 349-1138

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $125

Subdivision Prentis Park

MLS Listing ID 10656915

Style Over/Under

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,129

Lot Size 2000.000 Acres

Property Sub-Type Duplex

Property Description

Discover an investment opportunity at 1622 Prentis Avenue in Portsmouth! This side-by-side duplex features two spacious units, offering flexibility and potential for investors looking to expand their rental portfolio. Unit A offers 3 bedrooms, 2 bathrooms, and approximately 1,100 square feet of living space. Currently vacant and in need of turnover and updates, this unit presents an opportunity to make improvements before securing a new tenant. Unit B features 3 bedrooms, 1 bathroom, and approximately 1,000 square feet of living space. Previous rental rates were $1,500 per month for Unit A in 2023 and $1,150 per month for Unit B in 2021. Street parking is available, with the owner responsible for water and tenants responsible for electricity. A great opportunity for investors seeking a property with value-add potential!

Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; and 1551 Spruce Street, Norfolk (MLS# 10656917) offered at $280,000. This property, 1622 Prentis Avenue (MLS# 10656915), is offered individually at $250,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.

Location

State VA

County Portsmouth

Area 21 - Central Portsmouth

Zoning URH

Interior

Hot Water Electric

Exterior

Fence None

Waterfront Description Not Waterfront

Roof Type Asphalt Shingle

Building

Foundation Crawl

Sewer City/County

Water City/County

Schools

Elementary Schools Brighton Elementary

Middle Schools Cradock Middle

High Schools Manor High

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement, Short/Comp Sale

Special Listing Condition Disclosure Statement, Short/Comp Sale

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Listed by Coastal Group Inc.

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Tein Hlwa

Tein Hlwa

Team Leader License ID: 0225242187

+1(757) 349-1138

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1622 Prentis Avenue AVE

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