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$ 300,000
Est. payment /mo
Under Contract
500 Virginian DR Norfolk, VA 23505
2,300 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,300 sqft
Price per Sqft $130
Subdivision Suburban Acres
MLS Listing ID 10645732
Style Side by Side
HOA Y/N No
Year Built 1951
Annual Tax Amount $3,966
Lot Size 2300.000 Acres
Property Sub-Type Duplex
Property Description
Positioned in Norfolk's established Suburban Acres neighborhood, this duplex presents a compelling blend of immediate income and long-term opportunity. Both units are tenant occupied with leases extending through 07/31/2027 at $1,425.00 monthly rent and 05/31/2027 at $1,325.00 monthly rent, creating reliable revenue from day one. (Photos are of Unit A only.) Residents enjoy convenient access to Naval Station Norfolk, Old Dominion University, Sentara Leigh Hospital, Norfolk Premium Outlets, Military Circle redevelopment initiatives, and the growing dining and entertainment scene surrounding Granby Street and Downtown Norfolk. Nearby favorites include The Dirty Buffalo, Jessy's Taqueria, Starbucks, Target, and Harris Teeter. The property's side-by-side layout, generous living spaces, and established tenancy offer a practical path for investors seeking stability in a market driven by military, medical, educational, and professional employment sectors. Imagine owning an asset in the center of a city known for commerce, culture, and connectivity while benefiting from consistent cash flow and future appreciation potential. Opportunities for a multifamily property in this location are increasingly limited. Photos Virtually Staged. Hurry to schedule a private viewing now before someone else buys YOUR INVESTMENT!
Location
State VA
County Norfolk
Area 11 - West Norfolk
Interior
Hot Water Gas
Exterior
Fence None
Waterfront Description Not Waterfront
Roof Type Asphalt Shingle
Building
Foundation Crawl
Sewer City/County
Water City/County
Schools
Elementary Schools Suburban Park Elementary
Middle Schools Northside Middle School
High Schools Granby
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Atlantic Sothebys Int'l Realty
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