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Updated over 8 years ago,
Hampton Roads
Hello everyone! I'm looking at trying to find a small multi family in the Norfolk, Virginia Beach, Chesapeake ( Hampton Roads ) etc. and I'm wondering what are some good areas to invest in as well as what are some areas to avoid investing in.
In Norfolk around 35th and Llewellyn it is such a weird area. Some streets look nice, but maybe one street over it could maybe be a war zone. Is this a bad place to invest?
Also in the Norfolk area I'm having trouble finding what the ARV for a small multi would be, which is making it difficult to try to analyze deals. I understand this is a broad question, but if it's at all possible to answer even if through an example, what does a fixed up multi successfully sell for?