1551 Spruce Street ST, Norfolk, VA 23502
1551 Spruce Street ST, Norfolk, VA 23502
1551 Spruce Street ST, Norfolk, VA 23502
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$280,000
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2,100 SqFt
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1551 Spruce Street ST Norfolk, VA 23502

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,100 sqft

Price per Sqft $133

Subdivision Coleman Place

MLS Listing ID 10656917

Style Over/Under

HOA Y/N No

Year Built 1951

Annual Tax Amount $2,312

Lot Size 2100.000 Acres

Property Sub-Type Duplex

Property Description

Discover a fantastic investment opportunity at 1551 Spruce Street in Norfolk! This side-by-side duplex offers two distinct rental units with a combined monthly rental income of $2,700. Unit A features 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet of living space, currently renting for $1,500 per month. Unit B offers 2 bedrooms, 1 bathroom, and approximately 828 square feet, currently renting for $1,200 per month. Each unit enjoys its own designated backyard area, providing tenants with separate outdoor spaces. Tenants are responsible for all utilities, making this an appealing addition to an investment portfolio.

Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; and 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000. This property, 1551 Spruce Street (MLS# 10656917), is offered individually at $280,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.

Location

State VA

County Norfolk

Area 12 - East Norfolk

Zoning R-11

Interior

Hot Water Electric

Exterior

Fence None

Waterfront Description Not Waterfront

Roof Type Asphalt Shingle

Building

Foundation Crawl

Sewer City/County

Water City/County

Schools

Elementary Schools Coleman Place Elementary

Middle Schools Norview Middle

High Schools Bt Washington

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement, Short/Comp Sale

Special Listing Condition Disclosure Statement, Short/Comp Sale


Real Estate Information Network (REIN)
Listed by Coastal Group Inc.

NEARBY SCHOOL & BUSINESS

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Tein Hlwa

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1551 Spruce Street ST