1. Virginia
  2. Norfolk
  3. 400 Craig ST
$235,000

400 Craig ST, Norfolk, VA 23523

  • 1,740 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1918
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $135/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

TENANT OCCUPIED! Investor alert! Two duplexes on one lot (4 total units) with strong current returns and major upside. Property brings in over $27K/year with a 9.14% cap rate as-is. One unit vacant, fill it at $800–$900/month to push cap rate to 13%+. Priced aggressively at $239,900, cash preferred, sold as-is. Long-term tenants in place. Excellent value-add opportunity. Showings MUST be 24 hours notice. No owner financing and home to be sold as-is, where-is. CASH OR INVESTOR LOAN ONLY!

Listing Status:
Active
Listing Office:
Austin James Realty : 757-689-5978
Listing Agent:
Austin Frangoules :
MLS ID:
10570282
  • General: AluminumVinyl
  • Style: OtherOver/Under

This listing courtesy of Austin Frangoules, Austin James Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

St. Helena Elementary School

903 S Main St, Norfolk, VA, 23523

Grades PK-5

0.57 miles away

B

Blair Middle School

730 Spotswood Ave, Norfolk, VA, 23517

Grades 6-8

2.85 miles away

B

Booker T. Washington High School

1111 Park Ave, Norfolk, VA, 23504

Grades 9-12

1.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.