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    1540 Chela Ave

    Norfolk, VA 23503
    • $767,000
    • STATUS: Active Under Contract
    • ON SITE: 44 days
    • ID#: 10364500
    Under Contract
    UPDATED: 24 min ago
    $767,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,952
      SQFT
    • $155
      $/SQFT
    Neighborhood:
    Willoughby Beach
    Type:
    Commercial
    Built:
    1982
    Area:
    13 - North Norfolk

    School Ratings & Info

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    Description

    Great 5 unit Commercial Rental Investment Opportunity in Willoughby Spit's "Beach Sweet Spot"! 4 units on pilings 1016sf each w FP, plus 1703sf 1.5 story Cottage on a quiet street a few blocks from Bay. Long term tenants on 1 year leases with various expirations to extend mo to mo. Need 60 days notice to terminate leases. Be the investor landlord or live in one and rent out the other 4 units. Bring your fishing rods, crap pots, boats & flip flops. Join the lifestyle change boom of Ocean View & Willoughby. Tenants pay all utilities including w/s. 1 upstairs unit vacant for showing. Other units need 24-48 hrs to show.

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    © The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN, therefore, makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2021 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. The Duplicate Listings Disclaimer is as follows: Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2021-04-19T08:35:42.777.
    www.kristieweaverhomes.com/homes/114804779
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    1540 Chela Ave Norfolk, VA 23503

    • Price: $767,000
    • Status: Active Under Contract
    • Updated: 24 min ago
    • ID#: 10364500
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,952
    SQFT
    $155
    $/SQFT
    1982
    Built
    Neighborhood:
    Willoughby Beach
    Area:
    13 - North Norfolk
    Property Description
    Great 5 unit Commercial Rental Investment Opportunity in Willoughby Spit's "Beach Sweet Spot"! 4 units on pilings 1016sf each w FP, plus 1703sf 1.5 story Cottage on a quiet street a few blocks from Bay. Long term tenants on 1 year leases with various expirations to extend mo to mo. Need 60 days notice to terminate leases. Be the investor landlord or live in one and rent out the other 4 units. Bring your fishing rods, crap pots, boats & flip flops. Join the lifestyle change boom of Ocean View & Willoughby. Tenants pay all utilities including w/s. 1 upstairs unit vacant for showing. Other units need 24-48 hrs to show.
    Exterior Features

    Construction Frame Exterior Siding VinylWood Foundation Type CrawlPile Garage YN No Location Faces FrontOther Lot Depth 150 Lot Dimensions 75 X 115 Lot Front 75 Parking CoveredLotStreet Roof Asphalt Shingle

    Interior Features

    Accessibility Level FlooringLow Pile CarpetMain Floor Laundry Ceiling Height 8' Cooling Central AirHeat Pump Flooring Type CarpetTileVinyl Heating ElectricForced Hot AirHeat Pump Lighting Residential 5Unit

    Property Features

    Contingency Exists Non Contingent Disclosure Disclosure Statement Features NoneOutside Storage Lease Type 1 Year Master Model YN No Miscellaneous 220 V New Construction YN No Ownership Type Simple Possession Settlement Tax Amount Approx 8126 Use Type Other Utilities City SewerCity WaterElectricSewer AvailTelephone AvailWater Avail Water Sewer Line Size 5 Meters - W/S Zoning Mf-Ac/Rc

    Listing provided courtesy of Judy Boone Realty Inc.
    © 2021 REIN, Inc. Information Deemed Reliable But Not Guaranteed.


    © The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN, therefore, makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. © 2021 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. The Duplicate Listings Disclaimer is as follows: Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2021-04-19T08:35:42.777.
     
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    Kristie Weaver | The Real Estate Group
    401 N. Great Neck Rd, Ste. 126
    Virginia Beach VA, 23454