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    1145 Decatur St

    Chesapeake, VA 23324
    • $185,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 10350400
    UPDATED: 27 min ago
    $185,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,146
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Amazing generational wealth-building opportunity in Historic South Norfolk! Growing area with many restaurants, shops, parks, school,s and nearby main roads and highways for an easy commute into other cities. Over/under duplex on a large corner lot. Long term tenants bringing in a total of $1575 a month. Both unit leases expire 4/30/21. Buyers must honor the lease. Tenant pays all utilities. Property managed by Howard Hannah at 10% a month. The total annual cash flow of $7092 assuming a 20% down payment conventional and $50 home insurance as expenses. Cash on cash return of 15.33% with 20% down, 5% closing cost, and no repair budget. Showing available between 12PM-4 PM, 24 hr notice required.

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    www.findhamptonroadshomes.com/homes/111800886
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    1145 Decatur St Chesapeake, VA 23324

    • Price: $185,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 10350400
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,146
    SQFT
    $86
    $/SQFT
    1948
    Built
    Neighborhood:
    South Norfolk
    Area:
    31 - Central Chesapeake
    Elementary School:
    Rena B. Wright Primary
    Middle School:
    Oscar Smith Middle
    High School:
    Oscar Smith
    Property Description
    Amazing generational wealth-building opportunity in Historic South Norfolk! Growing area with many restaurants, shops, parks, school,s and nearby main roads and highways for an easy commute into other cities. Over/under duplex on a large corner lot. Long term tenants bringing in a total of $1575 a month. Both unit leases expire 4/30/21. Buyers must honor the lease. Tenant pays all utilities. Property managed by Howard Hannah at 10% a month. The total annual cash flow of $7092 assuming a 20% down payment conventional and $50 home insurance as expenses. Cash on cash return of 15.33% with 20% down, 5% closing cost, and no repair budget. Showing available between 12PM-4 PM, 24 hr notice required.
    Exterior Features

    Exterior Siding Vinyl Fence Description None Foundation Type Crawl Lot Features Corner Roof Asphalt Shingle Style Over/Under Waterfront Description Not Waterfront Waterfront YN No

    Interior Features

    Accessibility Handicap AccessStepless Entrance Water Heater Type Electric

    Property Features

    Contingency Exists Non Contingent Disclosure Disclosure Statement Meters Separate Electric Neighborhood Name South Norfolk New Construction YN No Ownership Type Simple Possession Settle Sewer Type City/County Tax Amount Approx 1850 Water Type City/County Zoning Rsfa1

    Listing provided courtesy of Exp Realty Llc
    © 2020 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
     
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    582 Lynnhaven Parkway, Suite 201
    Virginia Beach VA, 23452