3 bedroom house for sale

Overview

Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. 1316 and 1312 Cypress Ave are being sold together for a total combined price of $2.75M. Experience the magic of this impeccably curated, one of a kind designer haven that includes 5 pink bungalows over 2 lots. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short term rentals earning 130K/yr in 2022 and 123K in 2023 YTD (rented through Dec). 1312 Cypress Ave has 3 yearly rental units w/ total potential income of 72K/yr based on current rental rates. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows! For more details and to contact: https://realtyww.info/homes_virginia-beach-d523354/for-sale_i67231049

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