1300 Bainbridge 1302 BlvdChesapeake, VA 23324

This exceptional mixed-use property in Chesapeake, VA, presents a lucrative investment opportunity. Located at 1300 Bainbridge (1302) Boulevard, this 0.12-acre lot boasts a five-unit building generating a substantial monthly income of $3,825. The property comprises two commercial spaces and three residential units, all currently under yearly leases. Each unit benefits from a separate electricity meter, simplifying utility management and billing. The property has been meticulously maintained and improved over nearly 50 years of ownership, showcasing a commitment to quality and long-term value. Recent improvements are evident throughout the building. Ample parking is available at the rear of the property. Its prime location near the developing Poindexter Street corridor in South Norfolk offers easy access to parks, major interstates, and the vibrant downtown Norfolk area. This "cash cow" property is priced at $525,000 and represents a strong return on investment. The property's consistent rental income stream and desirable location make it an attractive proposition for discerning investors seeking immediate returns and long-term growth potential. Don't miss this chance to acquire a well-maintained, high-yielding property in a thriving area.