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213 S Birdneck Road, Virginia Beach, VA 23451

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For Sale

$695,000

Estimated Payment

$      /mo.

APR for 30 years

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  • Apartment
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

213 & 215 S Birdneck Rd, Virginia Beach Investment OpportunityThree-building property ready for redevelopment or full renovation. 2 narrow / long lots--see plat. Total frontage approx 100'x200'. Front House: 3 4 BR, 2 BA currently unlivable, needs major renovation/rebuildTriplex: Three 1 BR, 1 BA units separate electric, full interior updates neededDuplex: Two 2 BR, 1 BA units currently rented at $1,200/mo each, updates needed. Total Renovation Estimate: $110K $215K. Projected Market Rents After Renovation: approx. $8,250/mo or $99K/yr. Shared driveway easement with 221 S Birdneck Rd. Buyer to verify zoning and ability to maintain three structures. Interior access to occupied units *after* ratified contract and **Hold Harmless Agreement**. Ideal value-add project for investors seeking strong rental potential.
MLS# 10603378

Courtesy Of Coastal Group, Inc.

(757) 720-2463

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Roof Type
    Asphalt

Home seller CENTURY 21 Nachman Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Nachman Realty

(757) 264-6530
Learn More About Us

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