1145 Decatur ST Chesapeake, VA
$ 185,000
Property Attributes
  • MLS#10350400
  • TypeMulti-Family
  • CityChesapeake
  • AreaCentral Chesapeake
  • NeighborhoodSouth Norfolk
  • Zip23324
  • StyleOver/Under
  • Year Built1948
  • Taxes1850
  • Price$ 185,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2146
Listing Provided Courtesy Of:
EXP Realty LLC
Property Description

Amazing generational wealth-building opportunity in Historic South Norfolk! Growing area with many restaurants, shops, parks, school,s and nearby main roads and highways for an easy commute into other cities. Over/under duplex on a large corner lot. Long term tenants bringing in a total of $1575 a month. Both unit leases expire 4/30/21. Buyers must honor the lease. Tenant pays all utilities. Property managed by Howard Hannah at 10% a month. The total annual cash flow of $7092 assuming a 20% down payment conventional and $50 home insurance as expenses. Cash on cash return of 15.33% with 20% down, 5% closing cost, and no repair budget. Showing available between 12PM-4 PM, 24 hr notice required.

Elementary School Middle School High School
Rena B. Wright Primary Elementary School Oscar Smith Middle Oscar Smith High School

General Features

Area 31 - Central Chesapeake
Elementary School Rena B. Wright Primary
High School Oscar Smith
Middle School Oscar Smith Middle
Neighborhood Name SOUTH NORFOLK
Ownership Type Simple
Property Sub Type Duplex
Property Type Multi Family Residential
Roof Asphalt Shingle
Style Over/Under
Subdivision Name SOUTH NORFOLK
Virtual Tour Non Branded
Water Type City/County
Zoning RSFA1

Interior Features

Water Heater Type Electric

Exterior Features

Disclosure Disclosure Statement
Fence Description None
Foundation Crawl
Lot Description Corner
Sewer Type City/County
Siding Vinyl
Waterfront Description Not Waterfront


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

Property vs Zip Code Average in 23324

AVG $170K
AVG $1,575
AVG 63
Year Built
AVG 1930