Opportunities like 1523 & 1525 Des Moines Ave are the hidden gems of the Portsmouth market. This dual-asset acquisition allows you to offset your hold of cost from Day 1 with a current tenant 1523 paying $900/month (10,800 in annual gross income), while you unlock the explosive potential of the… Read More adjacent unit. A;A;By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity.A;A;In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet. Read Less
Courtesy of Elizabeth Abrams, Abrams Realty. Office contact: 757-644-3800
Listing Snapshot
Days Online
9
Last Updated
Property Type
Duplex
Square Ft.
1,476
Year Built
1953
MLS Number
10635401
30 Days Snapshot Of 23704
$280k
+6%
(avg) sold price
29
+45%
homes sold
45
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1,476 sqft, Built around 1953, Converted S.F.
Disclosures
Disclosure Statement
Exterior Features
Brick
Fence
Back Fenced
Foundation
Slab
Water Features
Not Waterfront
Miscellaneous
Fixer Upper
Roof
Asphalt Shingle
Sewer
Type: City/County
Taxes
Approximate Tax Amount: $3,145
Utilities
Separate Meters: Electric, Water, Water Heater Type: Electric, Water Type: City/County
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