517 King St | Portsmouth, VA 23704
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517 King St
Portsmouth, VA 23704
Five17 King · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- 20 Units: A Mix of One- & Two-Bedrooms
- 7.36% Pro Forma Cap Rate
- 6.46% Cap Rate
- Stabilized Turnkey – Operational Value-Add
PROPERTY FACTS
| No. Units | 20 | Building Size | 17,760 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1916 |
| Apartment Style | Low-Rise | Tenancy | Single |
| Building Class | C | Parking Ratio | 6.67/1,000 SF |
| Lot Size | 0.52 AC | ||
| Zoning | T4 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 17,760 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Tenancy | Single |
| Parking Ratio | 6.67/1,000 SF |
| Zoning | T4 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Fenced Lot
- Fitness Center
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 594 - 750 |
PROPERTY TAXES
| Parcel Number | 0013-0351 | Improvements Assessment | $2,002,800 |
| Land Assessment | $360,000 | Total Assessment | $2,362,800 |
PROPERTY TAXES
Parcel Number
0013-0351
Land Assessment
$360,000
Improvements Assessment
$2,002,800
Total Assessment
$2,362,800
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