816 50th Street Norfolk, VA 23508

This triplex is a prime investment, offering strong rental income currently bringing in $3075/month. The property includes a 4-bedroom, 1-bath main unit (1,200 sq. ft.) with central heat/air, in-unit washer/dryer; currently rented for $1,200/month with potential for an increase. The second unit is a... 1-bedroom, 1-bath apartment (600 sq. ft.) featuring a mini-split AC, window unit, fridge, and gas range, currently rented for $925/month under a renewed lease. The third unit, a unique garage conversion, offers 1-bedroom, 1-bath, in-unit washer/dryer, and 480 sq. ft. (plus a loft) with updated features, also rented under a renewed lease, renting for $900/month. Additional updates include a new roof in 2021 & newer windows in the main house and garage units. Continue reading