-40%

RESIDENTIAL RENTAL INVESTMENT OPPORTUNITY! **NO RESERVE**

$ 79200

Availability: 98 in stock
  • For Sale by: Owner
  • Setting: Suburban
  • Number of Bathrooms: 3
  • City: Norfolk
  • Sale Type: Existing Homes
  • Zip/Postal Code: 23503
  • Seller State of Residence: Virginia
  • Number of Bedrooms: 4
  • Square Footage: 1946
  • Property Type: Triplex
  • Year Built: 1920
  • Property Address: 138 D View Ave
  • State/Province: Virginia
  • Condition: Newer roof and all utilities function in all 3 units but overall the building is a "fixer upper". Up to you how much or how little you want to do, everything works and there's no leaks. Starting price reflects condition. This will be an "AS IS" sale so best suited for CASH buyers.

    Description

    NO RESERVE - INVESTOR SPECIAL! Many options to make income on this property... to flip or hold: 3 Rentals or live in 1 unit, rent the other 2 units or convert back to a single family home.  We were getting 25 in rental income in it's current condition before we vacated the building to sell.  Short walk to beach, bus line, shopping, & restaurants.
    STARTING PRICE is 0k under the Zillow Value Estimater.
    There's a large storage unit (Leonard Building) in the backyard that is subdivided into 3 (8x10) storage units.
    Separate gas and electric, common water meter.  City Sewer.
    WALKTHROUGH VIDEOS & PICTURES POSTED HERE:
    https://www.amazon.com/photos/shared/j5_lfl__Rcm0OMPDtlEY9Q.GnWD0t8Z6onJEiZwvtQ9E9
    OPEN HOUSE TIMES:
    Monday 12-6
    Wednesday 12-6
    Friday 12-6
    IS FOR SALE LOCALLY and WILL BE ACCEPTING OFFERS OUTSIDE of AUCTION SO AUCTION COULD END EARLY.
    TERMS OF SALE:
    Winning Bidder will be required to submit a 00 Earnest Money Deposit to Seller within 24 hours of auction end and Real Estate contract submitted within 48 hours.  I have a contract template if needed.
    Contract terms to be as follows:  As is, Cash, No more than 30 days to close, Buyer and Seller pay own closing cost, Home Inspection allowable for information purposes only,
    Seller to provide all Disclosures with contract acceptance.