About 435 Monticello Ave
PRIME NORFOLK LOCATION - INCOME-PRODUCING PROPERTY Conveniently located near the SCOPE Arena, The NorVa, and the Chrysler Museum of Art, this completely renovated 1,180-square-foot unit delivers immediate $2,250/month cash flow. Offered at $250,000, this turnkey investment features a reliable tenant currently in place on a flexible month-to-month agreement, providing an excellent opportunity for rental income from day one with future lease flexibility. The property has been fully updated with brand-new floors, paint, and finishes throughout, and includes a well-maintained HVAC system on a regular service plan along with one dedicated parking space. Positioned in a premium downtown location, this property ensures strong long-term rental demand in the heart of Norfolk’s entertainment district. With zero additional investment needed, the property is move-in ready and generating revenue from the moment you close. The motivated seller is looking for a smooth transaction. This is an outstanding opportunity to add income and a highly desirable asset to your portfolio in one of Norfolk's most sought-after rental markets. Contact us today to learn more!
Features of 435 Monticello Ave
| MLS® # | 10644320 |
|---|---|
| Price | $210,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,132 |
| Acres | 0.01 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Attached |
| Style | Mid Rise |
| Status | Active |
Community Information
| Address | 435 Monticello Ave |
|---|---|
| Area | West Norfolk |
| Subdivision | DOWNTOWN AREA |
| City | Norfolk |
| State | Virginia |
| Zip Code | 23510 |
Amenities
| Amenities | Elevator, Security, Sewer, Trash Pickup, Water |
|---|---|
| Parking | Off Street |
| View | City |
| Is Waterfront | No |
| Waterfront | Not Waterfront |
| Has Pool | No |
| Pool | No Pool |
Interior
| Interior Features | Walk-In Closet |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer, Washer Hookup |
| Heating | Electric |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Corner |
| Roof | Poly Skin |
| Foundation | Slab |
School Information
| Elementary | Walter Herron Taylor Elementary |
|---|---|
| Middle | Blair Middle |
| High | Maury |
Additional Information
| Days on Market | 53 |
|---|---|
| Zoning | D-3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KW Metro Center |
|---|