This investment opportunity involves the acquisition and redevelopment a total of 15 properties to include parcels 050998000 and 051465000 located on the same block in Suffolk, Virginia. The properties present a unique opportunity for coordinated development within an established neighborhood that already has access to roads, utilities, schools, and nearby… Read More services. Because the parcels are located together, investors can plan a unified residential development that improves the appearance and value of the entire street. The project would focus on transforming underutilized land into quality housing, such as single-family homes or multi family units, to meet the growing demand in Suffolk. Developing multiple properties in the same location allows for efficient construction, streamlined planning, and consistent design. Redevelopment of these lots will help revitalize the neighborhood, increase property values, and create housing opportunities while generating strong investment potential. Read Less
Courtesy of JR Doughty, 1st Class Real Estate Norfolk. Office contact: 757-439-6016
Listing Snapshot
Days Online
7
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,166
Lot Size
0.91 Acres
Year Built
1940
MLS Number
10624092
30 Days Snapshot Of 23434
$369k
+2%
(avg) sold price
49
-31%
homes sold
61
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1,166 sqft, Single story, Built around 1940, Bungalow, Traditional
Disclosures
Board Approval
Exterior Features
Vinyl, Wood
Floors
Wood
Foundation
Crawl
Water Features
Not Waterfront
Home Owner's Association
Management Company: N/A, HOA Legal Name: N/A
Lot
0.91 acres, Depth: 125, Dimensions: 125 X 90, Front: 90
Parking
Driveway Spc, Street
Pool
No Pool
Property
Vacant, Zoning: B1
Roof
Asphalt Shingle, Metal
Sewer
Type: City/County
Taxes
Approximate Tax Amount: $3,778
Utilities
Water Type: City/County
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