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$ 970,000
Est. payment | /mo
$ 970,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Condo
Listing Status Contingent
Purchase Type For Sale
Subdivision Ocean View Cottage
MLS Listing ID 10610601
HOA Y/N No
Year Built 1974
Annual Tax Amount $6,206
Contingent Home/EIFS Insp. Con.
Property Description
Fully remodeled six-unit building just two blocks from the beach, offering a rare, low-maintenance coastal investment. All units have been updated, making this a true plug-and-play addition to your portfolio with current monthly rents totaling $8,240 and room to adjust over time with the market.
Each unit is on separate utility meters, simplifying management and boosting net income by shifting utility costs to residents. Located in a highly desirable, beachside neighborhood with strong rental demand, this property is ideal for investors seeking stable cash flow, modern finishes, and a prime Norfolk location near sand, surf, and local amenities.
Each unit is on separate utility meters, simplifying management and boosting net income by shifting utility costs to residents. Located in a highly desirable, beachside neighborhood with strong rental demand, this property is ideal for investors seeking stable cash flow, modern finishes, and a prime Norfolk location near sand, surf, and local amenities.
Location
State VA
County Norfolk
Area 13 - North Norfolk
Zoning R-12
Interior
Hot Water Electric
Heating Heat Pump W/A
Cooling Central Air
Flooring Laminate/LVP
Exterior
Parking Features Lot, Off Street, Street
Utilities Available City Sewer, City Water, Electric
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Crawl
Schools
Elementary Schools Norview Elementary
Middle Schools Norview Middle
High Schools Norview
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Inlet Realty
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