Virginia Beach Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Value of a 2 cottage (duplex) property in Virginia Beach
Hello BP (new user, first post). I'm curious what the value could be of a 2 cottage property in Virginia Beach. Technically, it's a duplex. The property is a 800sf 2/1 with a 400sf 1/1 over the detached garage all sitting on a half acre. I live in the 2/1 and finishing up a reno of the 1/1. The 1/1 previously rented for $650/mth, and it was a total SHI*HOLE. I think this 1/1 (even though it's small) could rent pretty easy for $900/mth as it has ample parking, a storage area, and a private fenced yard. I also could rent the 2/1 for 1200-1300/mth. What would a property like this be worth to an investor? Thanks, Brian.