Remarks

This property is a rare opportunity to own and redevelop a historic mixed use building in the hearth of Olde Towne Portsmouth. There are currently are 8 fully occupied apartments on the third floor, rental income $7,000/mo. Three 1 bedroom and five 2 bedroom apartments. Lots of upside potential with the first and second floor commercial space, former theater space is currently vacant and blank canvas to redesign into a number of uses. 48 hours notice to show commercial space, listing agent must accompany showing. Proof of funds required prior to scheduled showing. Occupied units available to show only with due diligence. Sold strictly in As-Is condition, Seller to make no repairs. Newer sprinkler throughout property, back street tenant staircase recently refurnished. Please Do Not Disturb Tenants.

Details

MLS#: 10565204
Price: $750,000

Style: Purchase,Commercial/Industrial
Sq Ft: 24827
Year Built: 1941

Subdivision: OLDE TOWNE - 119
Tax Fee: 8449