$960,000
$1,035,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
243 Maryland AVE Portsmouth, VA 23707
Key Details
Sold Price $960,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Port Norfolk
MLS Listing ID 10617169
Sold Date 04/01/26
HOA Y/N No
Year Built 1971
Annual Tax Amount $8,248
Property Description
8-unit brick apartment building with a new roof and 2BR/1BA units. Multiple levers to increase cash flow, including rent adjustments and utility reimbursement. Mostly month-to-month leases offer flexibility. Attractive opportunity for 1031 or long-term portfolio investors. Prime location short distance to the interstate, shipyards, and employment centers keeps demand strong and vacancies low. Please do not disturb residents under any circumstances.
Location
State VA
County Portsmouth
Area 21 - Central Portsmouth
Zoning HR
Interior
Hot Water Electric
Heating Basebd, Electric
Cooling Window/Wall
Flooring Carpet, Ceramic, Laminate/LVP
Exterior
Parking Features 1 Space, Assigned/Reserved
Utilities Available City Sewer, City Water, Electric, Sewer Avail, Water Avail
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Slab
Schools
Elementary Schools Waterview Elementary
Middle Schools Churchland Middle
High Schools Churchland
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Bought with BHHS RW Towne Realty