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367 Middle Street
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building located in Portsmouth, Virginia
- Current asking price set at 650000 dollars
- Investment delivers a verified 6.5 percent cap rate
- Property is fully income producing and ready for operations
- Strategically positioned within the broader Hampton Roads region
What's Special
Investors seeking immediate cash flow will find this income-producing multifamily asset at 367 Middle Street in Portsmouth, Virginia, a viable addition to a residential portfolio. As an apartment building positioned within the Hampton Roads region, the property benefits from the stable economic foundation of the local maritime and military sectors. Portsmouth maintains a dense suburban character with consistent demand for well-located rental housing near the waterfront and regional transit corridors. The asset operates as a functional residential investment, providing steady rental yield potential in a historic and evolving municipal market. Prospective buyers can leverage the existing income-producing nature of the building to stabilize their current acquisition strategies. Given the established infrastructure of the area, this property serves as a practical choice for those focused on long-term rental income in an accessible Virginia submarket.
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