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406 South Armistead Avenue, Hampton West
$725,000
10654943 MLS
**GREAT INVESTMENT OPPORTUNITY – 7-UNIT MULTIFAMILY PROPERTY!** Fully occupied income-producing property offering immediate cash flow with multiple opportunities for future upside. Recent improvements include **new mini-split systems, updated electrical, a new roof in 2021, and new flooring and windows in 5 of the 7 units**. Current rent roll includes several month-to-month tenancies, providing a future owner flexibility to evaluate lease terms and bring rents toward market levels as appropriate, while longer-term leases provide additional stability. Additional income/NOI potential may exist through implementation of tenant utility reimbursement or tenant-paid utility structures where legally permissible and subject to existing leases and utility configuration. Situated on approximately **0.5186 acres (22,591 SF)** with approximately **5,210 SF of building area**, the property also offers an intriguing additional development component: the front portion of the site is currently being evaluated for possible subdivision. No value for a potential subdivided parcel is included in the current financial projections, and any subdivision or development is subject to governmental approval and buyer due diligence. An excellent opportunity for investors seeking an income-producing multifamily asset, portfolio addition, or potential **1031 exchange replacement property**. **Current rent roll, survey, and preliminary pro forma are uploaded under Documents for review.**

406 South Armistead Avenue, Hampton West

19 Brough Lane, Hampton West
$700,000
3 Beds ⋅ 2.1 Baths ⋅ 10654761 MLS
Assumable loan available to qualified buyers; ask the listing agent for terms. Not a condo: this is one of the few simple ownership custom homes in the gated, waterfront community of Pooles Grant. Custom built in 2020, this 3 bedroom, 2.5 bath home offers about 2,400 square feet with soaring ceilings, a gas fireplace, a home office, and a kitchen designed for everyday cooking and entertaining. The primary suite has its own bath and walk-in closet, and laundry is on the main level. Step out to the deck and balcony for the river view and the breeze off the water. A deeded deepwater boat slip for vessels up to 50 feet conveys with the home, along with a two car garage, a covered carport, a dedicated storage unit, two guest parking spaces and an EV charger. The community pool was just renovated and the clubhouse is undergoing a full renovation.

19 Brough Lane, Hampton West

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.

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