1622 Prentis Avenue
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $250,000 |
| Year Built: | 1900 |
| Lot Size: | 2,000.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-REINVA-10656915
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