🏠 TRIPLEX DEAL 1 BLOCK AWAY FROM OCEANFRONT NORFOLK

Norfolk, VA, 23503
Sold
Listed at: December 11th, 2023
Price
$365,000
ARV
$500,000
Gross Margin
$135,000
Sq. Footage
2442
Type
Multifamily
Parking
Assigned
Year build
1939
Lot size
0.35 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

NORFOLK MULTI FAMILY RESIDENTIAL (TRIPLEX)

4 bedrooms, 3 baths, approx 2,442 sqft Built in 1939

1unit: Rented - $375 per month - will vacate prior to closing

1 bed, 1 bath


2unit: Rented - $1,000 monthly rent

1 bed, 1 bath (upstairs apartment)


3rdunit: Rented - occupied by owner

2 beds, 1 bath


REPAIR COSTS ESTIMATED - 25k total

ASKING - 365k

ARV – 500k

Other positive items:

City confirmed that up to 7 units can be on this lot

FEW BLOCKS FROM OCEANFRONT



COMPS:  

1324 Hillside Ave, Norfolk - SOLD 450K (QUADPLEX NOT FULLY RENOVATED)

1116 Virginia Ave- Sold $380,000

1607 E Ocean View Ave- Sold $395,000


For a quick response, call or text BRANDON for any details on this 

DEAL! 

757-215-5266

Click the WIN IT NOW! button to lock this one up and avoid bidding wars 

 

 

FIRST COME FIRST SERVE!!!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

John Michael

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Disposition manager