$1,300,000
$1,388,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/07/2023
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ivy Farms
MLS Listing ID 10493109
Sold Date 12/07/23
HOA Y/N No
Year Built 1965
Annual Tax Amount $10,527
Property Description
Attention Investors!! Introducing 642 Flats! 7 cap well maintained 16 plex in midtown Newport News. 16 two bedroom, one bath units. On site laundry. Tenants pay electric, water, and sewer. Most units are recently renovated, all units have central air. New windows throughout. Tons of upside potential remains! Current rents range from $700 to $925. Current market rents total $13,350!
Location
State VA
County Newport News
Area 107 - Newport News Midtown East
Zoning R7
Interior
Hot Water Electric
Heating Electric, Forced Hot Air, Heat Pump W/A
Cooling Central Air, Heat Pump
Flooring Carpet, Ceramic, Laminate/LVP, Vinyl, Wood
Exterior
Garage Lot, Multi Car, Off Street, Street
Utilities Available City Sewer, City Water, Electric
Roof Type Other
Parking Type Lot, Multi Car, Off Street, Street
Building
Story 2.0000
Foundation Slab
Schools
Elementary Schools Sedgefield Elementary
Middle Schools Homer L. Hines Middle
High Schools Warwick
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement, Pet on Premises
Special Listing Condition Disclosure Statement, Pet on Premises
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