A great duplex located in the historic district of Chesapeake. Looking for a property that will provide you with a worthy return on your money? This neat little 2 bed 1 bath (bottom unit) and 4 bedroom 1 bath (top unit) is the ultimate passive income machine. The top unit is already rented so that's cash in your pocket right from the start. The perfect investment property.
Sunnybrook Apartments is a 48 unit complex consisting of 7 buildings. 44 two bed/one bath, and 4 one bed/one bath garden style apartments with washers and dryers in all but one building. Numerous improvements within the last 18 months, including kitchen and bathroom updates, LVP flooring throughout, and extensive exterior brick and landscaping updating. Open common areas provide a homey, community back yard feeling. Extensive parking can easily accommodate full occupancy. Tenants pay all utilities other than trash removal. Rental prices have increased significantly in the past 12 months and Sunnybrook maintains near to full occupancy. Location is prime! Just minutes from shipyard, schools, retail, and a quaint neighborhood park with a lake. This established project will not disappoint! It even comes with a partial, assumable mortgage with great terms.
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 :)
The median home value in Chesapeake, VA is $401,000. This is higher than the county median home value of $367,400. The national median home value is $338,100. The average price of homes sold in Chesapeake, VA is $401,000. Approximately 69.09% of Chesapeake homes are owned, compared to 25.99% rented, while 4.92% are vacant. Chesapeake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chesapeake real estate agent to arrange a tour today!
Chesapeake, Virginia has a population of 247,172. Chesapeake is less family-centric than the surrounding county with 35.27% of the households containing married families with children. The county average for households married with children is 35.27%.
The median household income in Chesapeake, Virginia is $85,563. The median household income for the surrounding county is $85,563 compared to the national median of $69,021. The median age of people living in Chesapeake is 37.1 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 30.9 degrees. The average rainfall is approximately 47.4 inches per year, with 5.3 inches of snow per year.