1209 Dragon Ln

    Chesapeake, VA 23323
    • $209,900
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 10253745
    UPDATED: 123 min ago
    $209,900
    • 4
      BEDS
    • 0.21
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,311
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1972

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    INVESTORS ONLY. THE CURRENT TENANT HAS A LEASE THROUGH JUNE 2020 & THEY ARE RUNNING IT AS A GROUP HOME. THE CURRENT RENT IS $2,000/MONTH & WILL PROVIDE EXCELLENT CASH FLOW. WITH 20% DOWN, YOU CAN EXPECT A RETURN AROUND $800/MONTH ON A 30-YEAR MORTGAGE PITI. SINCE THE TENANT IS RUNNING A BUSINESS OUT OF THE HOME, THEY TEND TO PAY ON TIME AND ARE LIKELY TO RENEW THE LEASE. A COPY OF THE LEASE AND PAYMENT HISTORY ARE IN THE DOCUMENTS SECTION. ALSO, THE HOME UNDERWENT RENOVATIONS IN 2016, SO SERVICE REQUESTS SHOULD BE MINIMAL. THE RENOVATIONS INCLUDED A NEW KITCHEN, FLOORING, LIGHT FIXTURES, SIDING, ROOF, AND HVAC. THEY ALSO PARTIALLY CONVERTED THE GARAGE SO THAT IT COULD BE USED AS AN OFFICE FOR THE STAFF. THIS PROPERTY WILL BE AN EXCELLENT ADDITION TO ANY RENTAL PORTFOLIO, SO YOU WILL NEED TO JUMP ON IT QUICKLY.

    Monthly Payment Calculator

    www.kristieweaverhomes.com/homes/93885583

    1209 Dragon Ln Chesapeake, VA 23323

    • Price: $209,900
    • Status: Active
    • Updated: 123 min ago
    • ID#: 10253745
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.21
    Acres
    1,311
    SQFT
    $160
    $/SQFT
    1972
    Built
    Neighborhood:
    Camelot - 016
    Area:
    32 - South Chesapeake
    Elementary School:
    Camelot Elementary
    Middle School:
    Hugo A. Owens Middle
    High School:
    Deep Creek
    Property Description
    INVESTORS ONLY. THE CURRENT TENANT HAS A LEASE THROUGH JUNE 2020 & THEY ARE RUNNING IT AS A GROUP HOME. THE CURRENT RENT IS $2,000/MONTH & WILL PROVIDE EXCELLENT CASH FLOW. WITH 20% DOWN, YOU CAN EXPECT A RETURN AROUND $800/MONTH ON A 30-YEAR MORTGAGE PITI. SINCE THE TENANT IS RUNNING A BUSINESS OUT OF THE HOME, THEY TEND TO PAY ON TIME AND ARE LIKELY TO RENEW THE LEASE. A COPY OF THE LEASE AND PAYMENT HISTORY ARE IN THE DOCUMENTS SECTION. ALSO, THE HOME UNDERWENT RENOVATIONS IN 2016, SO SERVICE REQUESTS SHOULD BE MINIMAL. THE RENOVATIONS INCLUDED A NEW KITCHEN, FLOORING, LIGHT FIXTURES, SIDING, ROOF, AND HVAC. THEY ALSO PARTIALLY CONVERTED THE GARAGE SO THAT IT COULD BE USED AS AN OFFICE FOR THE STAFF. THIS PROPERTY WILL BE AN EXCELLENT ADDITION TO ANY RENTAL PORTFOLIO, SO YOU WILL NEED TO JUMP ON IT QUICKLY.
    Exterior Features

    Exterior Siding BrickVinyl Fence Description Back FencedChain LinkWood Fence Fence YN Yes Foundation Type Slab Garage YN Yes Lot Depth 116 Lot Dimensions 80 X 116 Lot Front 80 Parking Garage Att 1 CarConverted GarDriveway Spc Pool No Pool Roof Asphalt Shingle Style Ranch Waterfront Description Not Waterfront Waterfront YN No

    Interior Features

    Appliances DishwasherDisposalDryer HookupMicrowaveElec RangeRefrigeratorWasher Hookup Cooling Heat Pump Equipment Cable HookupCeiling Fan Fireplaces Number 0 First Flr Bed Full Bath YN Yes Flooring Type CarpetCeramicLaminate Heating Heat Pump Interior Features Scuttle Access Rooms Living Room Dining Room Kitchen Master Bedroom Rooms Number 8 Rooms Other 1st Floor Master BrMbr With BathOffice/StudyPorch Water Heater Type Electric

    Property Features

    Contingency Exists Non Contingent Disclosure Assisted LivingDisclosure Statement Fees Condo 0 Fees Poa Monthly 0 Hoa YN No Master Model No Neighborhood Name Camelot New Construction YN No Ownership Type Simple Possession Settle Sewer Type City/County Tax Amount Approx 1658 Water Type City/County Zoning R8s

    Listing provided courtesy of A Better Way Realty Inc.
    © 2019 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
     
    Kristie Weaver | The Real Estate Group
    401 N. Great Neck Rd, Ste. 126
    Virginia Beach VA, 23454