1035 Gates AVE, Norfolk, VA 23507
1035 Gates AVE, Norfolk, VA 23507
1035 Gates AVE, Norfolk, VA 23507
1035 Gates AVE, Norfolk, VA 23507
1035 Gates AVE, Norfolk, VA 23507
1035 Gates AVE, Norfolk, VA 23507
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Chris Harris

Chris Harris

+1(757) 581-0841
$ 899,900
Est. payment | /mo

4,400 SqFt

Save
$ 899,900
Est. payment | /mo
Save

4,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $204

Subdivision West Ghent

MLS Listing ID 10660329

Style Over/Under

HOA Y/N No

Year Built 1950

Annual Tax Amount $7,734

Lot Size 4400.000 Acres

Property Sub-Type Triplex

Property Description

Tidy Brick Triplex surrounded by stately homes in the heart of W. Ghent is simply a money maker. Owner occupies ground floor unit. Units 2 & 3 currently rented for a total of $4000/mo. Potential for a min. of $6500/mo. if all units were to be rented! Fantastic, low-maintenance tenants that pay punctually every month. All units are updated classy large, open floorplans. Unit 1 is approx. 1800 sqft w/ 3 bd/2 bath. Unit 2 is identical but one bd&ba has been blocked off to use for storage. Could easily be reincorporated to make it 3/2 again at almost no expense. Unit 3 is large open-plan 2 bd/1 ba. Individual heat pumps. Long driveway for off-street parking. Units 2 & 3 are fully furnished including full kitchens with small appliances, cutlery etc. Beautiful backyard. This has been an extremely profitable dream property for us for well over a decade, and we are now focusing our investment efforts in another market out of state, so this is your chance to pick up where we are leaving off.

Location

State VA

County Norfolk

Area 11 - West Norfolk

Zoning R-8

Interior

Hot Water Gas

Exterior

Fence None

Waterfront Description Not Waterfront

Roof Type Asphalt Shingle

Building

Foundation Basement, Crawl

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 Simple

Disclosures Disclosure Statement, Owner Agent, Related to Seller

Special Listing Condition Disclosure Statement, Owner Agent, Related to Seller

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Listed by Bayview Realty
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Chris Harris

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(757) 581-0841

chrisharrisrealestate@gmail.com

USA

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1035 Gates AVE