1400 Melrose Pw Norfolk, VA 23508

Listing details for 1400 Melrose Pw, Norfolk, VA 23508 : INVESTMENT OPPORTUNITY NEAR ODU WITH TENANTS IN PLACE! Add a Norfolk rental property to your portfolio with immediate income from day one. This 4-bedroom, 2-bath bungalow is currently leased through June 2027 at $2,500 per month, eliminating the need to immediately locate and place tenants. Located just a few minutes walk from Old Dominion University and a few minutes drive to Naval Station Norfolk, area shipyards, downtown Norfolk and major interstates, the property is well positioned in an area with multiple sources of rental demand. The home offers approximately 1,480 square feet and features a renovated kitchen, hardwood floors, spacious living areas, an upstairs bath, fenced yard, detached storage and ample off-street parking. Whether you're expanding an existing portfolio or purchasing your first investment property, this is an opportunity to acquire an income-producing property with tenants already in place.