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543 Edwards St
Portsmouth, VA 23704
551 Edwards Street (aka 1001 7th Street) · Multifamily Property For Sale
·
78 Units
Property Facts
| No. Units | 78 | Lot Size | 2.62 AC |
| Property Type | Multifamily | Building Size | 62,200 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.41/1,000 SF |
| Zoning | 0 | ||
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.62 AC |
| Building Size | 62,200 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | 0 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
About 543 EDWARDS ST , PORTSMOUTH, VA 23704
Built in 1970, Starboard Townhomes contain 10 Two Story buildings totaling ±62,200 SF. The property contains ±2.62 acres and offers 150 surface parking spaces for residents/guests. Starboard is currently ±70% occupied and the unit mix consists of (8) One Bedroom/One Bath, (62) Two Bedroom/One bath, and (8) Three Bedroom/One Bath Townhomes. The Property rents are currently below market and allow for immediate upside through an increase to market rates. Rent comps within a ±1.5-mile radius surrounding the Property currently average $1.50 per SF while Starboard Townhomes currently average $0.90 per SF.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 2+1 | 62 | - | 900 |
| 3+1 | 8 | - | 900 - 1,100 |
Property Taxes
| Parcel Number | 0039-0010 | Improvements Assessment | $2,319,290 |
| Land Assessment | $1,404,000 | Total Assessment | $3,723,290 |
Property Taxes
Parcel Number
0039-0010
Land Assessment
$1,404,000
Improvements Assessment
$2,319,290
Total Assessment
$3,723,290
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