$450,000 · VIRGINIA BEACH, VA 23451
Works for flippers

Available

$450,000Asking price

4 bd · 2 ba · 1,568 sq ft · built 1979

VIRGINIA BEACH, VA 23451

No contract on file

via InvestorLift Classic

Listed Oct 22

Works for flippers

The Numbers

Sells for (ARV)From the listing: $1,500,000
Asking price: −$450,000
RepairsThe seller’s figure. Ours: $34,500 – $62,500: −$550,000
Loan, holding, closing20% down, 12% interest, 2 points, 280 days: −$98,840
Profit26.7% of ARV · flippers want 10%+: $401,160
Works

Works for a flipper up to $674,000.

CAYMUS CASH BUYERS

John Michael

No reviews yet

Comps

ARV $1,500,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $611,000.

The sales behind this value are shown to members.

ARV $1,500,000

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

Looking for your next new construction project in Virginia Beach? This property offers investors, builders, and developers an opportunity to explore a tear-down and rebuild in a highly desirable coastal market. Perfoct opportunity to biuld 2 single family condos. each selling in the area for 750k. Consider starting fresh with a new home designed for today's buyers and the area's strong demand for coastal living.

Located in the Virginia Beach resort area, this property puts you close to the attractions and amenities that make this part of the city so appealing. The surrounding area offers access to the Virginia Beach Oceanfront, 4 minute walk to the Boardwalk, local restaurants, shopping, entertainment, and the beach. With a mix of year-round residents, second-home owners, and visitors, the area attracts buyers looking for a coastal lifestyle close to everything.

Address: 832 13th St, Virginia Beach, VA 23451

ARV: $ 1.500,000

Rehab: New Constriction (2 Single Family Condos)

Biuld 2 condos on same lot. Each will value at 750k per recent sales!!!

Property Overview:

Property Type: Single‑Family

Bedroom: 4

Bathroom: 2

Living Area: 1568 sqft

Features:

2 water meters, 2 electric meters
Desirable Virginia Beach coastal location
4 Minute walk to Beach
Tear-down and new construction opportunity
Potential to build a modern home suited to today's market
Convenient access to beaches, restaurants, shopping, and entertainment
Opportunity for builders, developers, and experienced investors

Comps:

612 A 14th St - $741,000

612 B 14th St - $775,000

Location:

Public property records identify the site as a duplex on approximately 6,864 square feet, with R5D residential zoning. Nearby Lakewood and North Shadowlawn offer access to the Oceanfront, the ViBe Creative District, restaurants, and outdoor recreation

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