1400 Melrose Pw

Norfolk, VA
$ 335,000 Beds 4 Baths 2 Sq 1,480
Monthly Estimate* How much can I afford?

INVESTMENT OPPORTUNITY NEAR ODU WITH TENANTS IN PLACE! Add a Norfolk rental property to your portfolio with immediate income from day one. This 4-bedroom, 2-bath bungalow is currently leased through June 2027 at $2,500 per month, eliminating the need to immediately locate and place tenants. Located just a few minutes walk from Old Dominion University and a few minutes drive to Naval Station Norfolk, area shipyards, downtown Norfolk and major interstates, the property is well positioned in an area with multiple sources of rental demand. The home offers approximately 1,480 square feet and features a renovated kitchen, hardwood floors, spacious living areas, an upstairs bath, fenced yard, detached storage and ample off-street parking. Whether you're expanding an existing portfolio or purchasing your first investment property, this is an opportunity to acquire an income-producing property with tenants already in place.

Single Family

  • Price
  • $ 335,000
  • City
  • Norfolk
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • NORFOLK CITY
  • Half Bathrooms
  • 0
  • Area
  • West Norfolk
  • Lot Size
  • 0.119 Acres
  • Zip
  • 23508
  • Sqr Footage
  • 1,480
  • Year Built
  • 1927
  • Taxes
  • $ 4053
  • Style
  • Bungalow
  • MLS#
  • 10649799
Listed By: Own Real Estate LLC
Data Source: Real Estate Information Network (REIN)

Features

General

Heating Forced Hot Air,Nat Gas
Water Type City/County
Cooling Central Air,Window/Wall
Ownership Type Simple
Waterfront Description Not Waterfront
Roof Asphalt Shingle
Appliances 220 V Elec,Dishwasher,Disposal,Dryer,Microwave,Gas Range,Refrigerator,Washer
Parking 3 Space,Off Street,Driveway Spc,Street
Style Bungalow
Property Type Residential
Area 11 - West Norfolk
Subdivision Name LARCHMONT
Sub Type Detached
Neighborhood Name EDGEMERE
Elementary School Larchmont Elementary
High School Maury
Middle School Blair Middle
Non Non Contingent

Interior Features

Interior Features Fireplace Decorative
Water Heater Type Gas
Other Rooms 1st Floor BR,Porch,Utility Room
Flooring Type Ceramic,Wood
Fireplaces 1

Exterior Features

Fence Description Back Fenced,Chain Link
Sewer Type City/County
Siding Aluminum,Brick
Fence? Yes
Foundation Crawl
Pool No Pool
Garage Square Feet 198

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Suffolk, VA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Larchmont Elementary
Middle School Blair Middle
High School Maury High School

Property vs Zip Code Average in 23508

Visits
AVG 13
34
Data Provided by Inside Real Estate®

Areas That We Cover

1400 Melrose Pw Norfolk, VA is a Single Family Home for sale at $335000 with 1480 sqft and a lot size of 0.119 Acres Acre(s). 1400 Melrose Pw Norfolk has 4 bedrooms, 2 baths and was built in 1927. The property's zip code is 23508 which is in Norfolk, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Adam Anderson

Adam Anderson

757-703-2342

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