$275,000 · NORFOLK, VA 23503
Works for flippers · Works for landlords

Available

$275,000Asking price

4 bd · 2 ba · 1,530 sq ft · built 1980

NORFOLK, VA 23503

No contract on file

via InvestorLift Classic

Listed Sep 28

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $395,000
Asking price: −$275,000
RepairsMiddle of the seller’s $40,000 – $45,000. Ours: $65,500 – $109,000: −$42,500
Loan, holding, closing20% down, 12% interest, 2 points, 77 days: −$30,069
Profit12.0% of ARV · flippers want 10%+: $47,431
Works

Works for a flipper up to $282,000.

CAYMUS CASH BUYERS

John Michael

No reviews yet

Comps

Sales

Rents

ARV $395,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $367,000.

The sales behind this value are shown to members.

ARV $395,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

CAYMUS CASH BUYERS

John Michael

No reviews yet

Seller Description

Here’s a chance to pick up a duplex in Norfolk’s Bay View/Ocean View area. The property offers approximately 1,530 square feet, with 4 bedrooms and 2 bathrooms. Side by side duplex. Rents in the area for similar units reach $1600 a month.

Address: 1202 HILLSIDE AVE, NORFOLK, VA 23503

ARV: 395k

Rehab: 20k per unit for updates

Rental rate: $1,600 per unit

Property Overview:

Property Type: Duplex

Bedroom: 4

Bathroom: 2

Living Area: 1530 sqft

Comps:

1031 Woronoca Ave - $396k

1147 Modoc Ave - 350K - (As-is)

1336 Modoc Ave - $380k

Rental Rate - 1336 Modoc Ave - $1650

Location is a big part of the opportunity. The property is close to the Chesapeake Bay and Ocean View, with beach access, local restaurants, shopping, parks and everyday conveniences nearby. Naval Station Norfolk and Coast Guard Base Little Creek are also major employment anchors in the surrounding area.

Call or text 757-769-5300 for more details!