Cashflow Duplex 💰 4 BED 2 BATH Newport News ✅ SCHEDULE VISIT FAST, WON'T LAST ⏰🔥

Newport News, VA, 23607
Sold
Listed at: June 22nd, 2023
Price
$96,250
ARV
$230,000
Gross Margin
$133,750
Sq. Footage
1550
Type
Single-Family
Parking
Driveway
Year build
1952
Lot size
2614.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Introducing an enticing investment opportunity that combines charm, potential, and lucrative returns. Nestled in the heart of Newport News, this property is poised to captivate both seasoned investors and aspiring property moguls. Let's delve into the remarkable features that make this investment property an irresistible choice:

  • Prime Location: Situated in the desirable Newport News area, this property enjoys proximity to thriving businesses, educational institutions, entertainment venues, and major transportation routes. Its strategic location ensures easy accessibility and attracts a steady stream of tenants.
  • Income-Generating Potential: Newport News is experiencing a surge in demand for rental properties, making this investment an enticing income generator. The area's vibrant economy, coupled with its proximity to naval bases, educational institutions, and commercial hubs, ensures a steady stream of potential tenants seeking quality accommodations.


FIRST COME FIRST SERVE

OFF MARKET

 PRICE: $101,250 $96,250

 AFTER REPAIR VALUE: $230,000


DESCRIPTION:

4 bed, 2 bath 1550 sqft

Year built: 1952

Lot size: 2614 sqft

  • Market Rent at $1200+ for a 2/1 unit.
  • 2 - 2/1 Units
  • Property Taxes: $1650
  • Roof Good
  • Needs HVAC/ Plumbing/ Cosmetic updates


ACCESS: BY APPOINTMENT


☎️ CALL OR SHOOT A 📱 TEXT FOR MORE INFO ON THIS KILLER DEAL!!!!


This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company 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

Saif Alibrahim

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Disposition manager