Studio house for sale
$699,000 - Suffolk VA 23434Suffolk VA 23434
Studio house for sale
- Beds: 0
- Price: $699,000
- Reference No.: 71887512
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Overview
A FIVE-unit building with a positive monthly cash flow of approx. $5000 being rented as FURNISHED mid-term rentals. Includes 4 -1bd/1 ba units (rent for $1200-$1300/mo. each) and one large (1600 sq ft) 3bd/1ba unit (rents for $2000/mo). All five units have been renovated since 2019, and some upgrades include ALL NEW WINDOWS, exterior paint, new flooring throughout, central HVAC in the largest unit, and new countertops, cabinets, and appliances. 2 newly renovated units were added in Jan 2024. The building includes shared laundry (possible additional income stream if added coin-laundry) and an all-brick carriage house being sold as-is. The Carriage house offers possible additional income as rentable storage or additional units. All furnishings convey. The building is 100% occupied. Showings must be scheduled a minimum of 72 hours in advance. Rent includes electricity, water, and internet. 30-day minimum stays. 2023 (3 units)had a 4% cap rate. Vacancy rate for 2023 was 75%. For more details and to contact: https://realtyww.info/homes_suffolk-d524253/for-sale_i71887512House Suffolk
This House for sale is located at Suffolk VA 23434. The home has Studio. This 0 bedroom House in Suffolk VA is for sale for $699,000 .
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2024-05-16, Viewed 1 times.
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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-05-16, Viewed 1 times.
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