$490,000
$525,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
1526 W 40th ST Norfolk, VA 23508
3,050 SqFt
Key Details
Sold Price $490,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,050 sqft
Price per Sqft $160
Subdivision Lamberts Point
MLS Listing ID 10564163
Sold Date 02/12/25
Style Over/Under
HOA Y/N No
Year Built 1905
Annual Tax Amount $5,097
Property Sub-Type Quadruplex
Property Description
Awesome Opportunity To Own A 4-Plex Next To Old Dominion University Football Stadium And Campus! Rental Income Potential $4500-$5500. Unit 1B Has Just Been Renovated With New Stainless Appliances, New Paint, New Lvp Flooring & New Carpet.Has back door onto deck! New tenant ..lease ends 11/30/25.Rent $1195... Unit 1A Was Also Recently Renovated With New Kitchen Appliances, Cabinets, Countertops, LVP Flooring.New tenant ..lease ends 11/30/25...Rent $995...Unit 2A...Vacant and Being Renovated ...Bath Has Recently Been Remodeled..Heat Pump 10/2023.Unit 2B...month to month tenant..Rent $1094.50 Great Opportunity For Instant Cash Flow. Near A Bus Line, Restaurants, Shopping, Bases And Schools. On Site parking Spaces.. For Up To 4 Cars Which Is Unusual In This Area. Community Laundry Room. Tenants Pay Their Own Utilities. Owner Pays House Meter. Don't Miss This Chance To Own This 4-Plex Next To ODU!
Location
State VA
County Norfolk
Area 11 - West Norfolk
Zoning R-8
Interior
Hot Water Electric
Exterior
Fence Partial
Waterfront Description Not Waterfront
Roof Type Asphalt Shingle
Building
Lot Description Deck
Foundation Crawl
Sewer City/County
Water City/County
Schools
Elementary Schools Larchmont Elementary
Middle Schools Blair Middle
High Schools Maury
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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