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    8211 Carrene Dr

    Norfolk, VA 23518
    • $235,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 10350405
    UPDATED: 27 min ago
    $235,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,600
      SQFT
    • $147
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Amazing rental opportunity in Colonial Heights! Growing area with many restaurants, shops, parks, schools, and nearby main roads and highways for an easy commute into other cities. Over/under duplex on a large lot with a large detached garage. Less than 10 minutes away from the beach as well. Long term tenants bringing in a total of $1760 a month. Both unit leases expire 4/30/21. Buyers must honor the lease. Tenant pays all utilities. Property managed by Howard Hannah at 10% a month. The total annual cash flow of $6288 assuming 20% down payment and $50 home insurance as expenses. Cash on cash return of 10.70% with 20% down, 5% closing cost, and no repair budget. Showing available between before 11 AM on weekdays for unit B upstairs, unit a downstairs is more flexible. 24 hr notice required.

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    www.rocketrealestate.com/homes/111800888
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    8211 Carrene Dr Norfolk, VA 23518

    • Price: $235,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 10350405
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,600
    SQFT
    $147
    $/SQFT
    1950
    Built
    Neighborhood:
    Colonial Heights
    Area:
    13 - North Norfolk
    Elementary School:
    Crossroads Elementary
    Middle School:
    Rosemont Middle
    High School:
    Norview
    Property Description
    Amazing rental opportunity in Colonial Heights! Growing area with many restaurants, shops, parks, schools, and nearby main roads and highways for an easy commute into other cities. Over/under duplex on a large lot with a large detached garage. Less than 10 minutes away from the beach as well. Long term tenants bringing in a total of $1760 a month. Both unit leases expire 4/30/21. Buyers must honor the lease. Tenant pays all utilities. Property managed by Howard Hannah at 10% a month. The total annual cash flow of $6288 assuming 20% down payment and $50 home insurance as expenses. Cash on cash return of 10.70% with 20% down, 5% closing cost, and no repair budget. Showing available between before 11 AM on weekdays for unit B upstairs, unit a downstairs is more flexible. 24 hr notice required.
    Exterior Features

    Exterior Siding Vinyl Fence Description None Foundation Type Crawl Roof Asphalt Shingle Style Other Waterfront Description Not Waterfront Waterfront YN No

    Interior Features

    Water Heater Type Gas

    Property Features

    Contingency Exists Non Contingent Disclosure Disclosure Statement Meters Separate ElectricGas New Construction YN No Ownership Type Simple Possession Settle Sewer Type City/County Tax Amount Approx 2555 Water Type City/County Zoning Res

    Listing provided courtesy of Exp Realty Llc
    © 2020 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
     
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    4416 Expressway Drive
    Virginia Beach VA, 23452