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$475,000
Est. payment /mo
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Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
Subdivision Barraud Park
MLS Listing ID 10610807
HOA Y/N No
Year Built 1954
Annual Tax Amount $4,183
Property Description
Fully rented four-unit building in a strong Norfolk rental area, with all units featuring 2 bedrooms and a total monthly rent roll of $4,260. Clean, functional layouts appeal to long-term residents and keep turnover low, while the 2BR floor plans remain in high demand. This property delivers solid, in-place income from day one with upside over time through targeted rent increases and value-add improvements. Conveniently located near major roads, bases, shipyards, and employment centers, 1314 Reservoir Ave is a great opportunity to scale your portfolio with an efficient, easy-to-manage multifamily asset. Please do not disturb tenants under any circumstances.
Location
State VA
County Norfolk
Area 12 - East Norfolk
Zoning R-11
Interior
Hot Water Electric
Heating Basebd
Cooling Window/Wall
Flooring Carpet, Ceramic, Laminate/LVP
Exterior
Parking Features Assigned/Reserved, Lot
Utilities Available City Sewer, City Water, Electric
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Slab
Schools
Elementary Schools Jacox Elementary
Middle Schools Ruffner Middle
High Schools Bt Washington
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Inlet Realty
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Davina Hughes
Team Lead