204 Central Avenue
Property Description
Discover an excellent investment opportunity at 204 Central Avenue in Suffolk! This over-under duplex features two spacious 3-bedroom, 1-bath units, each offering approximately 1,100 square feet of living space. Both units feature inviting front porches, while the property offers a carport, large driveway, and a generously sized storage shed with two separate sections. Both units are tenant-occupied, with current monthly rents of $1,325 and $1,400, generating a combined $2,725 in monthly rental income. One unit is leased through March 31, 2027, while the other is on a month-to-month tenancy. Tenants are responsible for all utilities. Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000; and 1551 Spruce Street, Norfolk (MLS# 10656917) offered at $280,000. This property, 204 Central Avenue (MLS# 10656924), is offered individually at $245,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $245,000 |
| Year Built: | 1920 |
| Lot Size: | 2,200.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-REINVA-10656924
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