1526 W 40th ST Under Contract

Norfolk,VA 23508

$ 515000

- Bed

- Bath

3050 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,050 sqft

Price per Sqft $168

Subdivision Lamberts Point

MLS Listing ID 10550271

Style Over/Under

Year Built 1905

Annual Tax Amount $5,097

Property Description

Awesome Opportunity To Own A 4-Plex Next To Old Dominion University Football Stadium And Campus! Rental Income Potential $4500-$5500. Unit 1B Has Just Been Renovated With New Stainless Appliances, New Paint, New Lvp Flooring & New Carpet. Has Newer Heat Pump. Available Now For Rent At $1250. Buyer Can Buy To Live In And Have Units Pay Mortgage! Hurry If Desire To Live In As The Rentals In This Area Go Fast! Unit 1A Was Also Recently Renovated With New Kitchen Appliances, Cabinets, Countertops, LVP Flooring. New Tenant With Lease Til 7/31/2025. Unit 2A Bath Has Recently Been Completely Remodeled And New Heat Pump 10/2023. Great Opportunity For Instant Cash Flow. Near A Bus Line, Restaurants, Shopping, Bases And Schools. Off Street Parking For Up To 4 Cars Which Is Unusual In This Area. Community Laundry Room. Tenants Pay Their Own Utilities. Don’t Miss This Chance To Own This 4-Plex Next To ODU!

Location

State VA

County Norfolk

Area 11 - West Norfolk

Zoning R-8

Interior

Hot Water Electric

Exterior

Fence Back Fenced,Partial

Waterfront Description Not Waterfront

Roof Type Asphalt Shingle

Building

Lot Description Deck

Foundation Crawl

Sewer City/County

Water City/County

Schools

Elementary Schools Larchmont Elementary

Middle Schools Blair Middle

High Schools Maury

Others

Special Listing Condition Disclosure Statement

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