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5825 Jefferson Ave

Newport News, VA 23605
  • $550,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: 10408051
UPDATED: 55 min ago
$550,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,111
    SQFT
  • $90
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989

School Ratings & Info

Description

Investing Opportunities Like This Come Around Once In A While. The Primary Structure Generates An Income of $4,000 and the 2nd Structure, Detached from the Primary Building, Generates $600/month. The Annual Gross Income Is $55,200. This Property Is In A Multi-Year Lease (3 Years Remaining), With The Tenant Paying All Utilities. Property Being Sold In Conjunction With 5827 Jefferson Ave (Tax ID# 287.00-04-17 / Legal Description PT46). Both Lots Total 38,000sf (19,000sf Per Lot) With Many Value Add Options Available. Be 1st, Let Your Imagination Run Wild With This Fantastic Opportunity!

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www.bethanysellshomes.com/homes/122715511
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5825 Jefferson Ave Newport News, VA 23605

  • Price: $550,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 55 min ago
  • ID#: 10408051
0
Beds
0
Baths
0
½ Baths
0.44
Acres
6,111
SQFT
$90
$/SQFT
1989
Built
Neighborhood:
Park View - 046
Area:
106 - Newport News South
Property Description
Investing Opportunities Like This Come Around Once In A While. The Primary Structure Generates An Income of $4,000 and the 2nd Structure, Detached from the Primary Building, Generates $600/month. The Annual Gross Income Is $55,200. This Property Is In A Multi-Year Lease (3 Years Remaining), With The Tenant Paying All Utilities. Property Being Sold In Conjunction With 5827 Jefferson Ave (Tax ID# 287.00-04-17 / Legal Description PT46). Both Lots Total 38,000sf (19,000sf Per Lot) With Many Value Add Options Available. Be 1st, Let Your Imagination Run Wild With This Fantastic Opportunity!
Exterior Features

Construction Block Exterior Siding Brick Foundation Type Slab Garage YN No Location FrontageOther Lot Dimensions 190 X 101 Parking 51-100 Spcs Roof Asphalt ShingleWood

Interior Features

Cooling Central Air Flooring Type Concrete

Property Features

Contingency Exists Non Contingent Disclosure Disclosure Statement Features Fire Sprinkler SysLightingMini KitchenOutside StoragePublic RestrmsRear Entrance Lease Type Multi-Year New Construction YN No Ownership Type Simple Possession Closing Tax Amount Approx 2896 Use Type Bar/Tavern Utilities City SewerCity WaterElectricGasMeterWater Avail Zoning C2

Listing provided courtesy of Frontier Realty Group Llc
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