5BR Home in Norfolk , VA

About This Property

An exceptional Subject-To opportunity in the heart of Ghent, one of Norfolk's most desirable historic neighborhoods. With over 3,000 sq ft, a low 3.25% interest rate, and outstanding rental potential, this property is ideal for investors targeting co-living, furnished rentals, or long-term appreciation. PROPERTY DETAILS ADDRESS: 717 Redgate Ave, Norfolk, VA 23507PROPERTY TYPE: TownhomeBEDS: 5BATHS: 4SIZE: 3,015 Sq FtYEAR BUILT: 1902STORIES: 3BASEMENT: Full BasementHOA: NonePOOL: NoFURNISHED: NoTENANT OCCUPIED: VacantPROPERTY CONDITION: Sold As-Is Renovation Required PURCHASE DETAILSPURCHASE PRICE: Contact for detailsDown Payment: Contact for detailsENTRY PERCENTAGE: 8.44%ADDITIONAL BUYER COSTS: Closing Costs + Transaction Costs SUBJECT-TO TERMSexisting financing in placeINTEREST RATE: 3.25%MONTHLY Contact for details SELLER FINANCING TERMSSELLER FINANCE AMOUNT: Contact for detailsMONTHLY PAYMENT: $155 Years MONTHLY PAYMENT BREAKDOWNContact for detailsSELLER FINANCE: $155TOTAL MONTHLY PAYMENT: Contact for details RENTAL PROJECTIONSESTIMATED LONG-TERM RENT: Contact for details/monthESTIMATED SHORT-TERM RENT: Contact for details/month PROPERTY HIGHLIGHTS Historic three-story townhome with over 3,000 sq ft of living space Full basement offering additional storage or value-add potential Extremely attractive 3.25% assumable mortgage Strong candidate for co-living, room rentals, furnished housing, or mid-term rentals Renovate to maximize equity and rental income Located on a quiet cul-de-sac in the highly sought-after Ghent neighborhood LOCATION HIGHLIGHTS Located in the highly desirable Historic Ghent neighborhood. Just 2 minutes from Sentara Norfolk General Hospital, EVMS, CHKD, and Sentara Heart Hospital. Less than 10 minutes from Downtown Norfolk and Waterside District. Strong rental demand from medical professionals, students, traveling nurses, and young professionals. Walkable to restaurants, coffee shops, parks, grocery stores, and local entertainment. NEARBY SCHOOLS W.H. Taylor Elementary School 0.5 miles Blair Middle School 0.4 miles Maury High School 0.6 miles INVESTMENT STRATEGIES Subject-To Hold Co-Living Room-by-Room Rental Mid-Term Rental Traveling Nurse Housing Medical Professional Housing Student Housing Short-Term Rental (local regulations) Long-Term Rental CONTACT Interested in this opportunity? For the complete property package, additional details, walkthrough instructions, or to submit an offer, please contact: Mike GrahamNexKey Collective(786) 322-3646

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