1400 Melrose Parkway, West Norfolk, VA 23508

$335,000
4
BD
2
BA
1,480
SqFt

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List Price
$335,000
MLS#
10649799
Year Built
1927
Stories
2
Bedrooms
4
Bathrooms
2
Living Area
1,480
Lot Size
5,183
Acres
0.12
Subdivision
Larchmont
Neighborhood
Edgemere

Property Description

INVESTMENT OPPORTUNITY NEAR ODU WITH TENANTS IN PLACE! Add a Norfolk rental property to your portfolio with immediate income from day one. This 4-bedroom, 2-bath bungalow is currently leased through June 2027 at $2,500 per month, eliminating the need to immediately locate and place tenants. Located just a few minutes walk from Old Dominion University and a few minutes drive to Naval Station Norfolk, area shipyards, downtown Norfolk and major interstates, the property is well positioned in an area with multiple sources of rental demand. The home offers approximately 1,480 square feet and features a renovated kitchen, hardwood floors, spacious living areas, an upstairs bath, fenced yard, detached storage and ample off-street parking. Whether you're expanding an existing portfolio or purchasing your first investment property, this is an opportunity to acquire an income-producing property with tenants already in place.

Additional Information

Interior Features
Fireplace Decorative
Appliances
220 V Elec, Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
Heating
Forced Hot Air, Nat Gas
Cooling
Central Air, Window/Wall
Exterior
Aluminum, Brick
Roof
Asphalt Shingle
Elementary School
Larchmont Elementary
Middle School
Blair Middle
High School
Maury

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Calculator source: Real Geeks

Listing courtesy of Own Real Estate LLC.