$325,000
$349,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
1340 Reservoir AVE Norfolk, VA 23504
2,880 SqFt
Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $112
Subdivision Barraud Park
MLS Listing ID 10517408
Sold Date 02/29/24
Style Over/Under
HOA Y/N No
Year Built 1985
Annual Tax Amount $3,531
Property Description
Great Investment Opportunity to build your portfolio or a first-time home buyer looking to capitalize on their investment potential by living in one and renting out the other 3. This well-maintained, low-maintenance 4-PLEX has reserved parking with a Rent Cash Flow of Almost $3,000 a Month which is equivalent to $36,000 a Year! Tenants pay their utilities and some are long-term residences for over 4+ years. All units are currently month-to-month but would love to stay. Located for easy access to shipyards, military bases, interstates, shopping, entertainment, and more. Don't let this slip away start investing in yourself today.
Location
State VA
County Norfolk
Area 12 - East Norfolk
Zoning R-11
Interior
Hot Water Electric
Exterior
Fence Back Fenced, Wood Fence
Waterfront Description Not Waterfront
Roof Type Asphalt Shingle
Building
Foundation Slab
Sewer City/County
Water City/County
Schools
Elementary Schools Richard Bowling Elementary
Middle Schools Ruffner Middle
High Schools Bt Washington
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Bought with 1st Class Real Estate Flagship