πŸ’₯🏑 Income Generating Norfolk Duplex 🏑πŸ’₯

Norfolk, VA, 23518
Sold
Listed at: February 21st, 2023
Price
$184,900
ARV
$263,088
Gross Margin
$78,188
Sq. Footage
1512
Type
Multifamily
Parking
Driveway
Year build
1983
Lot size
0.11 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

πŸ“Œ Address: 8104 Turner Rd. Norfolk, VA, 23518


PLEASE READ:

  • No wholesalers or daisy chains
  • Verbal offer required to inspect
  • POF required to inspect
  • Cash offers only
  • Terms below are non-negotiable


🏠 Duplex

πŸ›Œ 4 beds

πŸ›€ 2 bath

✨ 1,512 sq ft

🧱 Built: 1983

πŸ‘¨β€πŸ‘©β€πŸ‘§ Current Occupancy: Tenant Occupied

πŸ‘©β€πŸ‘§β€πŸ‘¦ Occupancy at Close: Tenant Occupied

πŸ’Έ Asking Price: $184,900

πŸ’£ Current Rent: $995/month to month

πŸ”¨ Repairs: $15,000 - $25,000 depending on exit strategy

 

🌟 More Info 🌟

  • 2 units - 2 BR / 1 BA
  • New roof
  • New water heater
  • 4-sided brick home.


❗❗❗ Please Note: The below terms are NON-NEGOTIABLE. Bowen Capital is a professional disposition company that will enforce the below terms and conditions. If they do not work for you or your company, please do not offer on this deal and move on!

  • $5,000 Non-Refundable EMD to be wired to our preferred title company/atty within 24 hours of signing the assignment/PSA. 
  • Buyer to pay all closing costs, seller to pay prorated taxes and transfer prorated rent/security deposit if applicable
  • All offers must be cash, hard money, or private money.
  • Closing to be with Bowen’s Preferred Attorney
  • Wholesalers / Agents are not to market this deal without Bowen’s permission.
  • At this time we are not open to JV’ing this property
  • Agents please add your commission ON TOP of our asking price.
  • DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Bowen Capital exclusive rights to purchase the property. Bowen Capital does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.


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

Chris Prophater

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Disposition manager