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Multifamily

Olde Towne Portfolio

320 Dinwiddie St, Portsmouth, VA 23704

Listing Price: $4,300,500

Cap Rate
4.51%
Number of Units
61
GRM
5.36
Price/Unit
$70,500
Price/Gross SF
$87.54
Gross SF
49,125

Investment Overview

The property consists of sixty one units across four separate properties. 320-322 Dinwiddie Street has twelve units. All units are one-bedroom one-bathroom. 320-322 Dinwiddie Street was built in 1918 and
situated on +/- 0.07 acres. 359 Middle Street has fourteen units. There are thirteen one-bedroom one-bathroom units and one, two bedroom two bathroom unit. The property was built in 1900 and situated on +/- 0.12 acres. 344 Court Street & 412 North Street has seventeen units. There is a mix of one and two bedrooms. The properties were built in 1880 and situated on a cumulative +/- 0.21 acres. Lastly, 327 Washington Street has eighteen units. All units are one-bedroom, one-bathroom. Washington
Street was built in 1900 and situated on +/- 0.12 acres.

Investment Highlights

  • TRANSIT ORIENTED Easy access to I-264, I-464
  • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Maryview Bon Secours Hospital, Naval Medical Center and many others
  • VALUE ADD OPPORTUNITY Immediate organic rent growth opportunity, Prime candidate for interior upgrade initiative

Exclusively Listed By

Financing By

Multifamily

Olde Towne Portfolio

Listing Price: $4,300,500

Cap Rate
4.51%
Number of Units
61
GRM
5.36
Price/Unit
$70,500
Price/Gross SF
$87.54
Gross SF
49,125

Investment Highlights

  • TRANSIT ORIENTED Easy access to I-264, I-464
  • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Maryview Bon Secours Hospital, Naval Medical Center and many others
  • VALUE ADD OPPORTUNITY Immediate organic rent growth opportunity, Prime candidate for interior upgrade initiative

Investment Overview

The property consists of sixty one units across four separate properties. 320-322 Dinwiddie Street has twelve units. All units are one-bedroom one-bathroom. 320-322 Dinwiddie Street was built in 1918 and situated on +/- 0.07 acres. 359 Middle Street has fourteen units. There are thirteen one-bedroom one-bathroom units and one, two bedroom two bathroom unit. The property was built in 1900 and situated on +/- 0.12 acres. 344 Court Street & 412 North Street has seventeen units. There is a mix of one and two bedrooms. The properties were built in 1880 and situated on a cumulative +/- 0.21 acres. Lastly, 327 Washington Street has eighteen units. All units are one-bedroom, one-bathroom. Washington Street was built in 1900 and situated on +/- 0.12 acres.

Exclusively Listed By

Financing By

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