Welcome to Ghent!

Great Owner Occupant or Turnkey Investment Opportunity in Ghent with Stable Tenants!

This spacious 2-unit duplex in Ghent is a fantastic opportunity for an owner occupant or an investor looking for a turnkey investment opportunity with stable tenants. This property has two rental units on month-to-month leases. It's located in a desirable neighborhood and both units are occupied by reliable tenants who wish to remain. Their timely payments and excellent care of the home make this a worry-free investment.

The first-floor unit is 2 BR / 2 Baths with 1,475 sq ft of updated space. Current rent is $1,850/month. It features a cozy living room with a fireplace, dining room, laundry, sunroom, and off-street parking. The kitchen has an eat-in area, wall of windows, and has been updated with stainless-steel appliances including a dishwasher as well as shaker and glass cabinets. The two spacious bedrooms have large ensuite baths, one of the baths has been updated with floor to ceiling tile, frameless shower enclosure, new plumbing and lighting fixtures, and a new vanity with quartz counters.

The upper unit is 2,027 sq ft and it currently rents for $2,100/month. This unit includes floors 2 and 3. Floor 2 features a spacious living room, dining room, kitchen, den/office, two spacious bedrooms, full bath, and a screened balcony/sunroom. Floor 3 features two additional bedrooms, a full bath with laundry area, and a closet/storage area.

Additional features include hardwood floors, plantation shutters, new heat pump in upstairs unit, and a large front porch, back patio, and fenced backyard, all with shared access by both tenants. No flood insurance required.

Conveniently located close to parks and minutes from Colley Ave and Downtown Norfolk featuring shopping, restaurants, The Chrysler Museum, Harrison Opera House, Harris Teeter, the Virginia Zoo, Stockley Gardens, the Elizabeth River Trail, ODU, the Neon District, Chelsea, Sentara/EVMS/CHKD, bases and midtown tunnel, this property offers convenience for renters and immediate rental income and long-term appreciation potential.

Don’t miss out on this rare opportunity to acquire a property with excellent tenants already in place! Call me to schedule a private showing.

Interior Features
• Multi-family home with two rental units with total of 6-bedrooms & 4 baths
• First-floor unit is 2 BR / 2 Baths with 1,475 sq ft of updated space. Current rent is $1,850/month. It features a cozy living room w/a fireplace, dining room, laundry, sunroom, updated kitchen w/eat-in area, wall of windows, SS appliances including a dishwasher as well as shaker and glass cabinets, 2 spacious bedrooms w/large ensuite baths, one of the baths has been updated with floor to ceiling tile, frameless shower enclosure, new plumbing and lighting fixtures, and a new vanity w/quartz counters
• Upper unit includes floors 2 and 3 and is 4 BR / 2 Baths with 2,027 sq ft. Current rent is $2,100/month. Floor 2 features a spacious living room, dining room, kitchen, den/office, 2 spacious bedrooms, full bath, and a screened balcony/sunroom. Floor 3 features 2 additional bedrooms, full bath w/laundry area, and a closet/storage area
• Hardwood floors, plantation shutters
• New heat pump upstairs unit

Exterior Features
• Large front porch
• Patio
• Fenced backyard
• 4,255 sq ft lot
• Off-street parking

Helpful Information
• Schools: WH Taylor Elementary School, Blair Middle School, Maury High School
• No flood insurance required.
• Owner paid expenses: gas bills average $65/month; water/sewer/trash bill average $225/month; insurance is approximately $2250/yr; and taxes are $6,635/yr.
• Total monthly rental income: Lower unit - $1,850; Upper unit - $2,100; monthly pet rental - $25 = Total - $3,975/month.
• Family-friendly neighborhood close to parks and minutes from Colley Ave and Downtown Norfolk featuring shopping, restaurants, The Chrysler Museum, Harrison Opera House, Harris Teeter, the Virginia Zoo, Stockley Gardens, the Elizabeth River Trail, ODU, the Neon District, Chelsea, Sentara/EVMS/CHKD, bases and midtown tunnel.