Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 311-315 North Street with eleven townhouses and Beacon Townhomes, located at 2609 Elliot Avenue, with eighteen townhomes, both located in Portsmouth, Virginia. All twenty-nine units are occupied with very low historical vacancy rates. 311-315 North Street is located in the heart of Olde Towne Portsmouth within walking distance of the Elizabeth River and the famous seawall providing easy access to all of the surrounding amenities. Beacon Townhomes is located in the Historic Truxton District of Portsmouth and is only a short two miles away from the recently opened Rivers Casino. Both properties are in fantastic condition with below-market rents, allowing an investor to collect immediate income and begin increasing rents with minimal capital expenses. At a low price-point average of $113k per unit, this Portsmouth Portfolio is a unique opportunity to purchase multifamily in a constantly growing MSA that lacks affordable housing and continues to be in high demand. All 29 units are townhouse style homes which are more desirable than garden style. Townhouse style units offer longer average occupancies than garden style. Long-term owner has not kept pace with market rents.