Chesapeake, VA 23324,1228 Commerce AVE

$285,000

Est. payment /mo

$275,000

3.6%
Est.Price: ?

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1228 Commerce AVE Chesapeake, VA 23324

1,624 SqFt

SOLD DATE : 04/17/2025

Key Details

Sold Price $285,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,624 sqft

Price per Sqft $175

Subdivision South Norfolk

MLS Listing ID 10573622

Sold Date 04/17/25

Style Side by Side

HOA Y/N No

Year Built 1960

Annual Tax Amount $2,155

Property Sub-Type Duplex

Property Description

Updated Income-Producing Duplex – Turnkey Investment or Owner-Occupant Opportunity!This beautifully renovated duplex offers new paint, windows, gutters, flooring, trim, bathrooms, light fixtures, and ceiling fans throughout. Exterior upgrades include newly poured concrete steps, porch, and patio, plus a large backyard with a shed for extra storage. Currently rented at $1,350 per unit, with recent comps supporting up to $1,550, making this a fantastic investment with room for increased cash flow. Whether you're looking to expand your rental portfolio or live in one unit while renting out the other, this property is move-in ready and low maintenance. Located in a prime area with strong rental demand, this duplex is an excellent opportunity for investors and homeowners alike. Tenants pay all of their own utilities. Don't miss out—schedule your showing today! Home is being sold as is. Seller to make no repairs.

Location

State VA

County Chesapeake

Area 31 - Central Chesapeake

Zoning RSFA1

Interior

Hot Water Electric

Exterior

Fence None

Waterfront Description Not Waterfront

Roof Type Asphalt Shingle

Building

Lot Description Shed

Foundation Crawl

Sewer City/County

Water City/County

Schools

Elementary Schools Rena B. Wright Primary

Middle Schools Oscar Smith Middle

High Schools Oscar Smith

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement, Pet on Premises

Special Listing Condition Disclosure Statement, Pet on Premises

Read Less

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Real Estate Information Network (REIN)
Listed by Iron Valley Real Estate Norfolk
Bought with Creed Realty

GET MORE INFORMATION

Name

Phone*

Message

Holly Mein

+1(757) 377-6611

hollymeinproperties@gmail.com