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200 Pullman Ave

Portsmouth, VA 23707
  • $914,700
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: 10608188
UPDATED: 70 min ago
$914,700
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964

School Information

Elementary School:
Middle School:
High School:

Description

Smart investors, take note! Opportunity is calling from the heart of Westhaven in Central Portsmouth—a proven multifamily corridor celebrated for steady tenancy and powerful portfolio growth. This 4,800-square-foot, 8-unit brick-block building showcases solid construction, thoughtful management, and key capital improvements with a new roof and windows in 2022. Six units are currently leased, generating strong income with a projected market rent surpassing $9,300 monthly. A RUBS utility system minimizes owner expenses and maximizes cash flow, while proximity to Olde Towne Portsmouth, Rivers Casino, Norfolk Naval Shipyard, and I-264 ensures perpetual renter demand. Surrounded by shopping, dining, and dynamic city redevelopment, this property positions itself for long-term appreciation and stable returns. Hurry to schedule a private viewing now before someone else buys YOUR INVESTMENT!

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www.elgproperties.com/homes/169905516
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200 Pullman Ave Portsmouth, VA 23707

  • Price: $914,700
  • Status: Active
  • On Site: 62 Days
  • Updated: 70 min ago
  • ID#: 10608188
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Westhaven
Area:
21 - Central Portsmouth
Elementary School:
Westhaven Elementary
Middle School:
Cradock Middle
High School:
Manor High
Property Description
Smart investors, take note! Opportunity is calling from the heart of Westhaven in Central Portsmouth—a proven multifamily corridor celebrated for steady tenancy and powerful portfolio growth. This 4,800-square-foot, 8-unit brick-block building showcases solid construction, thoughtful management, and key capital improvements with a new roof and windows in 2022. Six units are currently leased, generating strong income with a projected market rent surpassing $9,300 monthly. A RUBS utility system minimizes owner expenses and maximizes cash flow, while proximity to Olde Towne Portsmouth, Rivers Casino, Norfolk Naval Shipyard, and I-264 ensures perpetual renter demand. Surrounded by shopping, dining, and dynamic city redevelopment, this property positions itself for long-term appreciation and stable returns. Hurry to schedule a private viewing now before someone else buys YOUR INVESTMENT!
Exterior Features

Construction Block Exterior Siding Brick Foundation Type Slab Garage YN No Parking LotOff StreetStreet Roof Other

Interior Features

Cooling Window/Wall Flooring Type CarpetLaminate/LVPVinyl Furnished YN No Heating Basebd Ranges 8 Refrigerators 8 Water Heater Type Electric

Property Features

Apartment Type Garden Contingency Exists Non Contingent Disclosure Disclosure Statement Ownership Type Simple Possession CLOSING Tax Amount Approx 4753 Utilities City SewerCity WaterElectric Zoning URH

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ELG Consulting Group | RE/MAX Allegiance
4000 Virginia Beach Boulevard, Suite 164
Virginia Beach VA, 23452