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361 Cherry Street, Norfolk, VA 23503

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For Sale

$350,000

1,500 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $233.33
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This income-producing duplex features separate water and electric meters, individual A/C units, and washer and dryer hookups for each unit. Tenants pay their own utilities, keeping expenses low for the owner. Unit A currently rents for $1,250 per month with room to grow, and the lease is month to month. Unit B rents for $1,425 per month with a lease in place through 3/31/2026. Recent renovations include updated kitchen cabinets, countertops, appliances, and a fully remodeled bathroom with a tile backsplash. This is a solid turnkey property offering strong cash flow and excellent long-term potential
MLS# 10587188

Courtesy Of Benham Signature Properties

(757) 354-4080

Property Features

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

Map and Directions

Directions to 361 Cherry Street, Norfolk, VA 23503
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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) 480-2121
Learn More About Us

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Monthly Payment Breakdown

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