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2707 Pretty Lake Ave

Norfolk, VA 23518
  • $280,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 10610435
UPDATED: 9 min ago
$280,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,300
    SQFT
  • $215
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950

School Information

Elementary School:
Middle School:
High School:

Description

Strategically positioned near the Chesapeake Bay, this side-by-side duplex presents a compelling acquisition for investors seeking both stability and upside. Built on a slab foundation and featuring a roof approximately 12 years old, the property offers a solid structural baseline for long-term portfolio growth. Both front units include desirable features"such as in-unit washer and dryer, tiled kitchens, and wood-laminate flooring"supporting strong demand and minimal turnover. At the rear of the property sits a 300 sq. ft. structure ideal for conversion into an ADU, creating an immediate value-add pathway and a significant boost to overall asset performance once completed. The propertys large lot, partial waterfront views, and proximity to key amenities position it well for future appreciation and expanded development options. Investors will appreciate the versatility, scalability, and multiple income-stream configurations this asset can support.

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www.levyandassociatesrealtors.com/homes/169984411
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2707 Pretty Lake Ave Norfolk, VA 23518

  • Price: $280,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 9 min ago
  • ID#: 10610435
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,300
SQFT
$215
$/SQFT
1950
Built
Neighborhood:
Ocean View East
Area:
13 - North Norfolk
Elementary School:
Norview Elementary
Middle School:
Azalea Gardens Middle
High School:
Norview
Property Description
Strategically positioned near the Chesapeake Bay, this side-by-side duplex presents a compelling acquisition for investors seeking both stability and upside. Built on a slab foundation and featuring a roof approximately 12 years old, the property offers a solid structural baseline for long-term portfolio growth. Both front units include desirable features"such as in-unit washer and dryer, tiled kitchens, and wood-laminate flooring"supporting strong demand and minimal turnover. At the rear of the property sits a 300 sq. ft. structure ideal for conversion into an ADU, creating an immediate value-add pathway and a significant boost to overall asset performance once completed. The propertys large lot, partial waterfront views, and proximity to key amenities position it well for future appreciation and expanded development options. Investors will appreciate the versatility, scalability, and multiple income-stream configurations this asset can support.
Exterior Features

Exterior Siding MasonryVinyl Fence Description Back FencedWood Fence Foundation Type Slab Lot Features Patio Roof Asphalt Shingle Style Side by Side Waterfront Description CanalTidal Waterfront YN Yes

Interior Features

Water Heater Type Electric

Property Features

Contingency Exists Non Contingent Disclosure Disclosure StatementPet on Premises Meters Separate Electric Neighborhood Name OCEAN VIEW EAST New Construction YN No Ownership Type Simple Possession SETTLE Sewer Type City/County Tax Amount Approx 3091 Water Type City/County Zoning R-8

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Rosalind Levy | The Agency Coastal
408 Laskin Road, Ste B
Virginia Beach VA, 23451