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1312 Cypress Ave

Virginia Beach, VA 23451
  • $900,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: 10512592
UPDATED: 12 min ago
$900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,860
    SQFT
  • $315
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937

School Information

Elementary School:
Middle School:
High School:

Description

Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. 1316 & 1312 Cypress Ave are being sold together for a total combined price of $2.375M. Experience the magic of this impeccably curated, one of a kind designer haven that includes 5 pink bungalows over 2 lots. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short-term rentals earning 130K/yr in 2022 and 123K in 2023 YTD (rented through Dec). 1312 Cypress Ave has 3 yearly rental units w/ total potential income of 72K/yr based on current rental rates. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!

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www.bethanysellshomes.com/homes/145779218
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1312 Cypress Ave Virginia Beach, VA 23451

  • Price: $900,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 12 min ago
  • ID#: 10512592
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,860
SQFT
$315
$/SQFT
1937
Built
Neighborhood:
Beach Borough
Area:
43 - Northeast Virginia Beach
Elementary School:
W.T. Cooke Elementary
Middle School:
Virginia Beach Middle
High School:
First Colonial
Property Description
Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. 1316 & 1312 Cypress Ave are being sold together for a total combined price of $2.375M. Experience the magic of this impeccably curated, one of a kind designer haven that includes 5 pink bungalows over 2 lots. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short-term rentals earning 130K/yr in 2022 and 123K in 2023 YTD (rented through Dec). 1312 Cypress Ave has 3 yearly rental units w/ total potential income of 72K/yr based on current rental rates. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!
Exterior Features

Exterior Siding Fiber CementVinyl Fence Description Full Foundation Type CrawlSealed/Encapsulated Crawl Space Lot Features CornerPatio Roof Asphalt Shingle Style Other Waterfront Description Not Waterfront Waterfront YN No

Interior Features

Water Heater Type Gas

Property Features

Commission Amt Sell Bkr 3 Contingency Exists Non Contingent Disclosure Disclosure Statement Meters Separate Electric New Construction YN No Ownership Type Simple Possession SETTLE Sewer Type City/County Tax Amount Approx 9000 Water Type City/County Zoning R5D

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Berkshire Hathaway HomeServices Towne Realty
5040 Corporate Woods Drive
Virginia Beach VA, 23462
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