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1241 37th St

Norfolk, VA 23508
  • $350,000
  • STATUS: Active
  • ON SITE: 56 Days
  • ID#: 10616511
UPDATED: 14 min ago
$350,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,990
    SQFT
  • $176
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1950

School Information

Elementary School:
Middle School:
High School:

Description

Completely renovated in 2018, this all brick ranch home offers a rare opportunity to own a stylish, move-in-ready home that works as a primary residence or a high-performing investment. Designed w/a California Cool aesthetic, the stunning restaurant style kit & open-concept layout w/mural is great for modern living, entertaining, or maximizing rental appeal. The home incl. four generously sized BRs w/large closets & 2 renovated jack-and-jill baths w/double vanities. Addl feat. incl. steel entry/solid-core interior doors, new windows w/Bahama shutters, LVP flooring, new insulation, security system, gas heat high, capacity electric water heater, patio & off-street parking for 4. 2024 financials: NOI is $22,368.96 ($30,723.39 income - $8354.43 for exp. incl. advertising, ins, maint, repairs & taxes). 6.4% Return/Cap Rate. Four leases in place through July 26th, 2026. Suite 1 for $700 & Suites 2, 3 & 4 for $675, for a total of $2725/month or $32,700 annually. No flood ins. required!

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www.levyandassociatesrealtors.com/homes/172154488
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1241 37th St Norfolk, VA 23508

  • Price: $350,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 14 min ago
  • ID#: 10616511
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1,990
SQFT
$176
$/SQFT
1950
Built
Neighborhood:
Lamberts Point
Area:
11 - West Norfolk
Elementary School:
Larchmont Elementary
Middle School:
Blair Middle
High School:
Maury
Property Description
Completely renovated in 2018, this all brick ranch home offers a rare opportunity to own a stylish, move-in-ready home that works as a primary residence or a high-performing investment. Designed w/a California Cool aesthetic, the stunning restaurant style kit & open-concept layout w/mural is great for modern living, entertaining, or maximizing rental appeal. The home incl. four generously sized BRs w/large closets & 2 renovated jack-and-jill baths w/double vanities. Addl feat. incl. steel entry/solid-core interior doors, new windows w/Bahama shutters, LVP flooring, new insulation, security system, gas heat high, capacity electric water heater, patio & off-street parking for 4. 2024 financials: NOI is $22,368.96 ($30,723.39 income - $8354.43 for exp. incl. advertising, ins, maint, repairs & taxes). 6.4% Return/Cap Rate. Four leases in place through July 26th, 2026. Suite 1 for $700 & Suites 2, 3 & 4 for $675, for a total of $2725/month or $32,700 annually. No flood ins. required!
Exterior Features

Exterior Features CornerPatio Exterior Siding Brick Fence Description None Fence YN No Foundation Type Crawl Garage YN No Lot Depth 58 Lot Front 144 Parking 4 SpaceOff StreetDriveway Spc Pool No Pool Roof Asphalt Shingle Style Ranch View Description City Waterfront Description Not Waterfront Waterfront YN No

Interior Features

Accessibility Level Flooring Appliances DishwasherDisposalDryerEnergy Star Appliance(s)MicrowaveElec RangeRefrigeratorWasher Cooling Central Air Equipment Cable HookupCeiling FanSecurity Sys Fireplaces Number 1 First Flr Bed Full Bath YN Yes Flooring Type Laminate/LVP Heating Forced Hot AirNat Gas Interior Features Dual Entry Bath (Br & Br)Fireplace ElectricPrimary Sink-DoubleWindow Treatments Rooms Primary Bedroom Rooms Number 8 Rooms Other 1st Floor BR1st Floor Primary BRAtticBreakfast AreaPBR with BathOffice/StudyPorchUtility Closet Water Heater Type Electric

Property Features

Contingency Exists Non Contingent Disclosure None Fees Condo 0 Fees POAMonthly 0 Hoa YN No HOAAssoc Legal Name none Master Model YN No Miscellaneous Rehabilitated New Construction YN No Ownership Type Simple Possession 7/26/26 School Other ADL / Ghent El Sewer Type City/County Tax Amount Approx 3696 Water Type City/County Zoning R-8

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Virginia Beach VA, 23451