$345,000 · NORFOLK, VA 23502
Tight for flippers · Landlords would lose money

Available

$345,000Asking price

4 bd · 2 ba · 2,493 sq ft · built 1950

NORFOLK, VA 23502

No contract on file

via InvestorLift Classic

Listed Oct 9

Tight for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $485,000
Asking price: −$345,000
RepairsMiddle of the seller’s $60,000 – $65,000. Ours: $123,000 – $204,500: −$62,500
Loan, holding, closing20% down, 12% interest, 2 points, 85 days: −$38,133
Profit8.1% of ARV · flippers want 10%+: $39,367
Tight

Works for a flipper at $336,000 or less.

LODATO LLC

Bryan Ihrke

No reviews yet

Comps

Sales

Rents

ARV $485,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $434,000.

The sales behind this value are shown to members.

ARV $485,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

LODATO LLC

Bryan Ihrke

No reviews yet

Seller Description

Discover the investment potential of this spacious single-family property located in Norfolk’s established Hollywood Homes neighborhood. With approximately 2,493 square feet of living space, 4 bedrooms, 2 bathroom, and a 0.93-acre lot. Don't miss out on this one!!!

.93 ACRE LOT!!!

Address: 1142 Land St, Norfolk, VA 23502

ARV: $485k

Rehab: $60k - $65k

Property Overview:

Property Type: Single‑Family

Bedroom: 4

Bathroom: 2

Living Area: 2493

Features:

HUGE LOT (.93 acre)
1st Floor BR
Living room, family room, dining room
Detached Garage

Comps:

6215 Whaley Court - $415k (smaller lot - .26)

6227 Wailes Ave - $420k (smaller lot - .21)

Location:

Situated in the Hollywood Homes neighborhood of Norfolk, this property offers access to shopping, restaurants, major roadways, and employment centers throughout Hampton Roads. House DIRECTLY across the street has a flag lot house.

Call or text 757-573-9226 for more details!