1316 Cypress AVE, Virginia Beach, VA 23451 | MLS 10512622 | Listing Information | REIN.com
FOR SALE
$1,475,000

1316 Cypress AVE
Virginia Beach, VA 23451

Detached
Residential
3
Beds
2
Baths
1,300
Sq. Ft.
N/A
Acre Lot
Courtesy: Kate Marks - Howard Hanna Real Estate Svcs.Office Phone:7572130511
REIN.com> Virginia> Virginia Beach> 23451
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!
10512622
Residential - Detached, Bungalow, Cottage, Other
3
2 Full
1937
Virginia Beach
Public
1
Fiber Cement, Vinyl Siding
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Kate Marks - Howard Hanna Real Estate Svcs.Office Phone:7572130511

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