Norfolk, VA 23507

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: $414,760ENTRY FEE: $35,000ENTRY PERCENTAGE: 8.44%ADDITIONAL BUYER COSTS: Closing Costs + Transaction Costs SUBJECT-TO TERMSMORTGAGE BALANCE: $366,745INTEREST RATE: 3.25%MONTHLY PITI: $2,750 SELLER FINANCING TERMSSELLER FINANCE AMOUNT: $13,015MONTHLY PAYMENT: $155BALLOON: 7 Years MONTHLY PAYMENT BREAKDOWNPITI: $2,750SELLER FINANCE: $155TOTAL MONTHLY PAYMENT: $2,905 RENTAL PROJECTIONSESTIMATED LONG-TERM RENT: $2,975/monthESTIMATED SHORT-TERM RENT: $6,250/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 (subject to 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[contact details hidden]