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  • Price$209,900
  • Beds4
  • Baths2
  • SQ. Feet1,311
  • Acres0.21
  • Built1972

1209 Dragon Ln, Chesapeake

INVESTORS ONLY. THE CURRENT TENANT HAS A LEASE THROUGH JUNE 2020 & THEY ARE RUNNING IT AS A GROUP HOME. THE CURRENT RENT IS $2,000/MONTH & WILL PROVIDE EXCELLENT CASH FLOW. WITH 20% DOWN, YOU CAN EXPECT A RETURN AROUND $800/MONTH ON A 30-YEAR MORTGAGE PITI. SINCE THE TENANT IS RUNNING A BUSINESS OUT OF THE HOME, THEY TEND TO PAY ON TIME AND ARE LIKELY TO RENEW THE LEASE. A COPY OF THE LEASE AND PAYMENT HISTORY ARE IN THE DOCUMENTS SECTION. ALSO, THE HOME UNDERWENT RENOVATIONS IN 2016, SO SERVICE REQUESTS SHOULD BE MINIMAL. THE RENOVATIONS INCLUDED A NEW KITCHEN, FLOORING, LIGHT FIXTURES, SIDING, ROOF, AND HVAC. THEY ALSO PARTIALLY CONVERTED THE GARAGE SO THAT IT COULD BE USED AS AN OFFICE FOR THE STAFF. THIS PROPERTY WILL BE AN EXCELLENT ADDITION TO ANY RENTAL PORTFOLIO, SO YOU WILL NEED TO JUMP ON IT QUICKLY.

Essential Information

  • MLS® #10253745
  • Price$209,900
  • Bedrooms4
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,311
  • Acres0.21
  • Year Built1972
  • TypeResidential
  • Sub-TypeDetached
  • StyleRanch
  • StatusActive

Amenities

  • ParkingGarage Att 1 Car, Converted Gar, Driveway Spc
  • WaterfrontNot Waterfront
  • PoolNo Pool

Exterior

  • ExteriorBrick, Vinyl
  • Lot Description80 X 116
  • RoofAsphalt Shingle
  • FoundationSlab

Additional Information

  • Days on Market87
  • ZoningR8S

Community Information

  • Address1209 Dragon Ln
  • AreaSouth Chesapeake
  • SubdivisionCamelot
  • CityChesapeake
  • StateVA
  • Zip Code23323

Interior

  • Interior FeaturesScuttle Access
  • AppliancesDishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
  • HeatingHeat Pump
  • CoolingHeat Pump
  • # of Stories1

School Information

  • ElementaryCamelot Elementary
  • MiddleHugo A. Owens Middle
  • HighDeep Creek

Listing Details

  • Listing Courtesy ofA Better Way Realty Inc.
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