Fully occupied Norfolk, VA 4plex

[Gary Alford]

Calling all Hampton Roads investors ( Virginia Beach, Norfolk, Hampton, Newport News, Chesapeake and Portsmouth)!

Contract on a well maintained 4plex in a strong rental area of Norfolk available. Fully occupied but operating below market so there's potential to increase monthly revenue significantly. All tenants on month to month status with no written leases. Check out the info below and contact me for further details and a chance to walk through if interested at 757-354-4472

4 2bd/1bth units
3,360 sqft (approx. 750-800 sqft per unit)
Currently rented at $450/m per unit ($1800/m total)
Market rent $650-$750/m for similar units (potentially $2600-$3000/m)
Owner pays common area electric (average $15-20/m) and water (Average $160-200/m)
Tenant's pay own electric
Off street parking
Electric baseboard heating
Wall unit cooling

Disclaimer: I do not own or claim to own said property nor do I represent the property owner. This is a contract assignment or double closing deal with no contingencies. Non-refundable $2,500 deposit, POF and signed assignment agreement or purchase contract required to secure deal. Contract will remain on the market until all requirements have been met and deposits received. Must close in 10 days or less at Alperin Law PLLC. Buyer pays all closing cost.