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Archived over 4 years ago

$440,000

5+ bd 4+ ba

Norfolk Package of 4 SFRs, Norfolk, VA 23509

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$3,800

Projected Rent **

$5,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Package Deal of 4 Norfolk SFRs

Package deal of 4 properties in Norfolk, VA

Proof Of Funds For Addresses
440k asking price for all
Current Total Rents 3800/mo
Potential Total Rents - 5100/mo

All properties are occupied

All on month-to-month rent except 1 (1 is nearing the end of a 1 year lease)

All properties are in livable condition but could use cosmetic, tenant turnover level rehab

Property Management Available If Needed

4 bd | 1.5 Bath | 1402 Sq Ft
ARV - 190k
Current Rent - 1000/mo
Market Rent - 1350/mo

3 Bd | 1 Bath | 1339 Sq Ft
ARV - 137k
Current - 1000/mo
Market - 1300/mo

2 Bd | 1 Bath | 1084 Sq Ft
ARV - 170k
Current Rent - 900/mo
Market Rent - 1250/mo

3 Bd | 1 Bath | 1012 Sq Ft
ARV - 150k
Current Rent - 900/mo
Market Rent - 1200/mo

Buyer pays all closing costs & property is sold as-is.  Buyer must complete their own due diligence verifying all information provided regarding subject properties.  Upon ratification of contract, buyer has 48 hours to deposit earnest money in escrow or buyer may forfeit the contract assignor's discretion.  Contract is not valid until earnest money is deposited in escrow & properties will be marketed until then.

Location:

Norfolk Package of 4 SFRs, Norfolk, VA 23509

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.