2 Dwellings on 1 Lot! Asking Price : $195,000.

Current Rental Income: $2,000/month with one room vacant/available for rent!

Main Residence:

• 2-Story Dwelling w/ 3 Bedrooms, 1 Bathroom, 1,743 Living Sqft
• Built 1940 on 0.18-Acres

Rear Residence:

• 1-Story Dwelling w/ 2 Bedrooms, 1 Bathroom, 600 Living Sqft
• Built 1942

5 Tenants current reside between the 2 houses and each pay $400/month

One Vacant Room available for $400/month and Rents are being increased!

Additional Info: The property manager lives down the street and manages it for 10% of rents. His contract does not transfer with the sale but he is interested in continuing to manage this if the new buyer desires. Current rents are $2,000/month (5 tenants paying $400/month for a room), and there is still one room available for an additional $400/month. Rental increases are being served while they have been showing the available room, so total rents will likely be closer to $3,000/month by closing. Beginning November, current rents will be at $2500/month.

Comps:

• 3505 Pamlico Cir, Norfolk, VA 23513. Duplex w/ 5 beds, 2 baths, 1957 sqft, built 1941 on 0.19-acres. Sold 07/19/2023 for $365,000.
• 3145 Hyde Cir, Norfolk, VA 23513. Duplex w/ 4 beds, 2 baths, 1800 sqft, built 1950 on 0.17-acres. Sold 07/05/2023 for $350,000.
• 3820 Essex Cir, Norfolk, VA 23513. Duplex w/ 5 beds, 2 baths, 1900 sqft, built 1942 on 0.14-acres. Sold 03/30/2023 for $322,000.

• Private Showings Only
• Message dispo manager for additional info and access