Retail Turnkey

LIVE-WORK Downtown Waterfront Commercial-Residential Property Main Home plus Guest Cottage

534 Settlers Landing Rd, Hampton, VA 23669

$499,000 After Repair Value -
$345,000 Asking Price -
$0 Cost of Repairs =
$154,000 Potential Profit

Property Details

Asking Price $345,000

After Repair Value $499,000

Costs of Repairs $0

Potential Profit $154,000

Living Area 2773 ft2

Property Type Commercial Property

Bedrooms 4

Bathrooms 2

Half Bathrooms 1

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $4

Yearly Expenses N/A

Property Taxes $2,660

Net Operating Income N/A

Cap Rate N/A

Property Description

\"The Lake House\" is in a Historic district in Hampton, VA, on the waterfront. It lies in the master plan for a growing community between VA Beach-Norfolk to the east and Williamsburg-Yorktown-Richmond to its west. The home has 4 bedrooms, 2 baths in the main home fully restored to original beauty with exquisite attention to detail. The guest cottage has its own meter, and sits on the Hamton River that joins the Cheasapeake Bay. The back gardens has 3 decks, and loading dock for a small boat to deep water access. The home listed in July for 499k. It is now listed at 345,000, and for sale by owner. The zoning is DT-1 Call 706-594-0970 for details. There is no owner financing. Requires new loan. Low utilities. Home and cottage fully restored. Flexible on price within reason of closing costs. The cottage can also be rented for revenue of 1100 pr month. The home can be rented commercial for 3800.00 pr month.

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LISA BAIRD

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