Veterans United Realty
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1300 Bainbridge(1302) BLVD, Chesapeake, VA 23324

$495,000 Asking Price

4,000  sqft
Built in 1920

INVESTOR ALERT -- Are you looking for INSTANT INCOME? This lucrative mixed-use property is churning out $3,825 PER MONTH! This quality building features 2 COMMERCIAL SPACES + 3 RESIDENTIAL UNITS -- ALL 5 Units have yearly leases in place and SEPARATE METERS for Electricity. The very attentive owner of almost 50 YEARS has maintained and improved this premium property, and it really shows! Come see some recent improvements as well. There’s PARKING too, in the rear of the property. The FABULOUS LOCATION is near the up and coming Poindexter Street corridor of beautiful downtown South Norfolk! Nearby, you’ll find neighborhood Parks, area Interstates and downtown Norfolk. ACT FAST -- Jump on and ride this “cash cow” right now :)


Listing Status:
Active
Date Added:
March 25, 2024 — 33 days ago
Listing Office:
BHHS RW Towne Realty, George Trotman
Office Phone:
757-436-3636
MLS ID:
10509404

Features & Amenities

Interior

Flooring:
Carpet,Vinyl
A/C:
Central Air,Window/Wall
Heating:
Forced Hot Air,Gas,Heat Pump

Exterior

General:
Masonry,Vinyl
Parking:
Lot,Off Street,Street

Construction

Roofing:
Asphalt Shingle,Other
General:
Block,Frame, 2, Crawl,Slab

Location

County:
Chesapeake VA

Lot

Zoning:
B2
Current Use:
Mixed Use

Utilities

Utilities:
City Sewer,City Water,Electric,Gas,Telephone Avail

Financial

NA Compensation:
3%

This listing courtesy of:
BHHS RW Towne Realty, George Trotman

About Chesapeake, VA

Housing

Number of Units
94,996
Median Home Value
$293,540
Median Rent
$1,132

29.96% of housing units are renter occupied.

3.85% are vacant.

Commute

Car
76.63%
Public Transportation
0.70%
Walk to Work
0.74%
Work from Home
20.76%
Other
1.02%

The median travel time to work is 23 minutes.

People

Population
251,025
Median Age
37.50
Median Household Size
2.93

Education

High School
23.05%
Associate’s Degree
10.54%
Bachelor’s Degree
22.19%
Graduate Degree
12.82%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

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