$285,000
$275,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
1228 Commerce AVE Chesapeake, VA 23324
1,624 SqFt
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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Bought with Creed Realty
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