Homes for sale - 131 Hough AVE, Norfolk, VA 23523

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Andrew Christie

The Christie Group @ Atlantic Sotheby's International Realty

andrew.christie@atlanticsir.com +1(757) 269-9746

$700,000

Est. payment - /mo

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UPDATED:

Key Details

Property Type Apartments 3

Listing Status Under Contract

Purchase Type For Sale

Subdivision Berkley

MLS Listing ID 10585267

HOA Y/N No

Year Built 1919

Annual Tax Amount $8,541

Property Description

Investor-ready 6-unit, 6,867 SF apartment building in Norfolk with updated systems and strong income potential. Each 2–3BR/1BA unit is approx. 1,040 SF with living room, kitchen, and laundry. All units have been renovated—Unit 3 just completed and is move-in ready. Recent upgrades include a new roof (2021), six HVAC units, three tankless water heaters, LED-lit common areas, and updated windows. Crawlspace/basement features a new vapor barrier and is in excellent condition. Property includes balconies, storage, and separate meters. Current rent is $5,500/mo with full market potential of $6,600/mo once fully occupied. Units 4–6 have converted sitting rooms offering 3BR layouts to boost ROI. Professional property management currently in place and available for seamless ownership transition. Convenient to downtown, military bases, and transit. Turnkey investment offering strong cash flow and long-term stability in a growing rental market.

Location

State VA

County Norfolk

Area 12 - East Norfolk

Zoning SF-T

Interior

Hot Water Gas

Heating Heat Pump W/A

Cooling Central Air

Flooring Carpet, Ceramic, Laminate/LVP, Vinyl

Exterior

Parking Features Street

Utilities Available City Sewer, City Water, Electric, Gas

Roof Type Poly Skin

Building

Story 3.0000

Foundation Basement, Crawl

Schools

Elementary Schools St. Helena Elementary

Middle Schools Blair Middle

High Schools Lake Taylor

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement

Special Listing Condition Disclosure Statement

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Listed by Seaside Realty

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Andrew Christie

+1(757) 269-9746

Broker Associate | License ID: 0225199734

Broker Associate License ID: 0225199734

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131 Hough AVE Norfolk, VA 23523

Andrew Christie

Key Details

Location

Interior

Exterior

Building

Schools

Others