1035 Gates Avenue, West Norfolk, VA 23507

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List Price
$899,900
Status
NEW LISTING
MLS#
10660329
Year Built
1950
Style
Over/Under
Living Area
4,400
County
Norfolk VA
City
West Norfolk
Subdivision
West Ghent
Neighborhood
West Ghent

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.

Additional Information

Roof
Asphalt Shingle
Exterior
Brick
Waterfront Description
Not Waterfront
Sewer
City/County
Elementary School
Walter Herron Taylor Elementary
Middle School
Blair Middle
High School
Maury
Contingency Exists
Non Contingent

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Listing courtesy of Bayview Realty.

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