213 & 215 S Birdneck Rd, Virginia Beach - Investment OpportunityThree-building property ready for redevelopment or full renovation. 2 narrow / long lots--see plat. Total frontage approx 100'x200'. Front House: 3-4 BR, 2 BA - currently unlivable, needs major renovation/rebuildTriplex: Three 1 BR, 1 BA units - separate electric, full… Read More interior updates neededDuplex: Two 2 BR, 1 BA units - currently rented at $1,200/mo each, updates needed. Total Renovation Estimate: $110K-$215K. Projected Market Rents After Renovation: approx. $8,250/mo or $99K/yr. Shared driveway easement with 221 S Birdneck Rd. Buyer to verify zoning and ability to maintain three structures. Interior access to occupied units *after* ratified contract and **Hold Harmless Agreement**. Ideal value-add project for investors seeking strong rental potential. Read Less
Courtesy of Alex Winfield, Coastal Group Inc.. Office contact: 757-720-2463
Listing Snapshot
Days Online
14
Last Updated
Property Type
Multi Family
Year Built
1940
MLS Number
10603378
30 Days Snapshot Of 23451
$830k
0%
(avg) sold price
60
+7%
homes sold
39
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Single story, Built around 1940, Frame
Disclosures
Disclosure Statement
Exterior Features
Brick, Masonry
Foundation
Crawl, Slab
Lot
Depth: 220, Dimensions: 100 220, Front: 100
Parking
Lot, Off Street, Driveway Spc
Property
6 total units, Zoning: R10
Roof
Asphalt Shingle
Taxes
Approximate Tax Amount: $4,000
Utilities
Water Heater Type: Electric, City Sewer, City Water, Electric
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