1 Bed
1.5 Baths
1,132 SqFt
1 Bed
1.5 Baths
1,132 SqFt
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,132 sqft
Price per Sqft $212
Subdivision Downtown Area
MLS Listing ID 10644320
Style Mid Rise
Bedrooms 1
Full Baths 1
Half Baths 1
Condo Fees $540
HOA Y/N No
Year Built 1920
Annual Tax Amount $3,403
Lot Size 483 Sqft
Property Sub-Type Condo
Property Description
Conveniently located near the SCOPE Arena, The NorVa, and the Chrysler Museum of Art, this completely renovated 1,180-square-foot unit delivers immediate $2,250/month cash flow. Offered at $250,000, this turnkey investment features a reliable tenant currently in place on a flexible month-to-month agreement, providing an excellent opportunity for rental income from day one with future lease flexibility.
The property has been fully updated with brand-new floors, paint, and finishes throughout, and includes a well-maintained HVAC system on a regular service plan along with one dedicated parking space. Positioned in a premium downtown location, this property ensures strong long-term rental demand in the heart of Norfolk's entertainment district. With zero additional investment needed, the property is move-in ready and generating revenue from the moment you close.
The motivated seller is looking for a smooth transaction. This is an outstanding opportunity to add income and a highly desirable asset to your portfolio in one of Norfolk's most sought-after rental markets. Contact us today to learn more!
Location
State VA
County Norfolk
Area 11 - West Norfolk
Zoning D-3
Interior
Hot Water Electric
Heating Electric
Cooling Central Air
Flooring Ceramic, Concrete
Appliance Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer, Washer Hookup
Exterior
Parking Features Off Street
Fence None
Pool No Pool
Waterfront Description Not Waterfront
Roof Type Poly Skin
Building
Story 1.0000
Foundation Slab
Sewer City/County
Water City/County
Schools
Elementary Schools Walter Herron Taylor Elementary
Middle Schools Blair Middle
High Schools Maury
Others
Senior Community No
Ownership Condo
Disclosures None
Special Listing Condition None
Find out why customers are choosing LPT Realty to meet their real estate needs