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23508, VA

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23508, VA

$125,000 · NORFOLK, VA 23508
Works for flippers · Works for landlords

Available

$125,000Asking price

3 bd · 2 ba · 927 sq ft · built 1925

NORFOLK, VA 23508

No contract on file

Price Drop

via InvestorLift Classic

30 views · listed Oct 30

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $275,000
Asking price: −$125,000
RepairsMiddle of the seller’s $60,000 – $65,000. Ours: $45,500 – $76,000: −$62,500
Loan, holding, closing20% down, 12% interest, 2 points, 85 days: −$16,795
Profit25.7% of ARV · flippers want 10%+: $70,705
Works

Works for a flipper up to $165,000.

CAYMUS CASH BUYERS

John Michael

No reviews yet

Comps

Sales

Rents

ARV $275,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $232,000.

The sales behind this value are shown to members.

ARV $275,000

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

INVESTOR SPECIAL – VALUE-ADD OPPORTUNITY NEAR OLD DOMINION UNIVERSITY!

Here's an opportunity for investors looking to get into the established Norfolk Highland Park neighborhood with strong rental demand, high flip returns and convenient access to local universities, shopping, and entertainment. This property offers the potential for a renovation project or fix and rent investment.

Address: 4800 Killam Ave, Norfolk, VA 23508

ARV: $275k

Rehab Budget: $60k - $65k

Property Overview:

Property Type: Single Family

Bedroom: 3

Bathroom: 2

Living Area: 927

Lot Size - .14 Acres - 58 x 107 sqft (side by side lots)

Comps:

824 47th St - $274k

850 47th St - $305k

858 47th Street - $260k

825 48th St - $250k

Features:

3 bedrooms / 2 bathroom
Approximately 927 square feet
3,382-square-foot lot
Potential renovation and resale opportunity
Potential long-term rental or student housing investment
Convenient location near Old Dominion University

Location:

Located in the Highland Park / Highland Park West area of Norfolk, this property is close to Old Dominion University and the surrounding University Village district.

Enjoy convenient access to Hampton Boulevard, Colley Avenue, and the restaurants, coffee shops, and local businesses serving the ODU community. Downtown Norfolk, the Ghent district, waterfront attractions, shopping, and entertainment are also just a short drive away.

With its proximity to Old Dominion University, major employment centers, and Norfolk's downtown amenities, this location offers investors several potential exit strategies.

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