517 King St | Portsmouth, VA 23704
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This Multifamily Property is no longer advertised on LoopNet.com.
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
Listing ID: 26845869
Date on Market: 10/13/2022
Last Updated:
Address: 517 King St, Portsmouth, VA 23704
The Downtown Portsmouth Multifamily Property at 517 King St, Portsmouth, VA 23704 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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