About This Home
This 1-bedroom, 2-bathroom condo at 435 Monticello Avenue in Norfolk, VA is listed for $240,000 ($212 per sqft). Built in 1920, the home offers 1,132 sqft of living space on a 0.01 acres lot.
Key Features
- Built in 1920
- 0.01 acre lot
Property Details
Amenities
PRIME NORFOLK LOCATION - INCOME-PRODUCING PROPERTY Conveniently located near the SCOPE Arena, The NorVa, and the Chrysler Museum of Art, this completely renovated 1,180-square-foot unit delivers immediate $2,250/month cash flow. Offered at $250,000, this turnkey investment features a reliable tenant currently in place on a flexible month-to-month a
greement, providing an excellent opportunity for rental income from day one with future lease flexibility. The property has been fully updated with brand-new floors, paint, and finishes throughout, and includes a well-maintained HVAC system on a regular service plan along with one dedicated parking space.
Positioned in a premium downtown location, this property ensures strong long-term rental demand in the heart of Norfolk's entertainment district. With zero additional investment needed, the property is move-in ready and generating revenue from the moment you close. The motivated seller is looking for a smooth transaction. This is an outstanding opportunity to add income and a highly desirable asset to your portfolio in one of Norfolk's most sought-after rental markets. Contact us today to learn more!
Monthly Cost Estimate
$1,284/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
435 Monticello Avenue
Norfolk, VA 23510
DOWNTOWN AREA
Property Details
Parking
Heating
Cooling
Appliances
Questions & Answers
This 1-bedroom, 2-bathroom condo at 435 Monticello Avenue is listed at $240,000 ($212/sqft). The estimated monthly payment is $1,284 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.01 acre lot.
This property is listed by Eugene Shull and can be reached at (804) 858-9000.
