East Norfolk Homes under $300,000

East Norfolk Homes under $300,000

Welcome to East Norfolk, Virginia, a hidden gem nestled within the vibrant Norfolk County. Known for its rich history, diverse culture, and stunning waterfront views, East Norfolk offers a unique blend of urban convenience and suburban charm. This thriving community is not only a hub for artistic expression and culinary delights but also boasts lush parks and recreational areas, making it an ideal place for families and individuals alike.

One of the most appealing aspects of East Norfolk is its affordability, especially for homebuyers looking for properties under $300,000. Here, you’ll find a delightful array of homes that cater to various tastes and lifestyles. From cozy bungalows to modern townhouses, East Norfolk provides an excellent opportunity for first-time buyers or those looking to downsize without compromising on quality or comfort.

The neighborhood is characterized by tree-lined streets and welcoming communities, where neighbors become friends and children can play freely. Residents enjoy easy access to local amenities, including shopping centers, schools, and public transportation, ensuring that everything you need is just a stone’s throw away.

With its affordable housing options and a strong sense of community, East Norfolk is not just a place to live; it’s a place to thrive. Whether you’re looking to settle down or invest in a property, East Norfolk is waiting to welcome you home. Discover the charm of this remarkable area and explore the possibilities that await you in a home under $300,000!

Newest East Norfolk Homes under $300,000

1551 Spruce Street Street, East Norfolk
$280,000
10656917 MLS
FOUR-DUPLEX PORTFOLIO – INVESTMENT OPPORTUNITY. Seller is offering the following properties individually and will also consider offers for two, three or all four properties: 204 Central Ave, Suffolk – MLS#10656924 – $280,000; 1725/1727 Prentis Ave, Portsmouth – MLS#10656902 – $260,000; 1622 Prentis Ave, Portsmouth – MLS#10656915 – $245,000; and 1551 Spruce St, Norfolk – MLS#10656917 – $290,000. Total individual asking prices: $1,075,000. Package offers may receive preferential consideration or pricing depending upon the number of properties purchased and overall terms of the offer. IMPORTANT LENDER APPROVAL REQUIREMENT: All four properties currently secure a commercial umbrella loan. Any individual or package sale is subject to approval by the existing lender of the release and payoff terms applicable to each property being sold. This is not a traditional residential short sale; however, lender participation and written approval of each property release will be required before closing. Buyers and agents should anticipate additional time for lender review and should structure settlement dates accordingly. Seller may consider and negotiate offers subject to this lender approval process. Seven of the eight units are currently tenant occupied. Tenant privacy and required notice periods must be respected. Occupied units will be shown only during designated showing days and tenant-available time blocks established by the listing agent. Prior to occupied-unit showings, prospective purchasers should provide evidence of funds available for the required down payment and current lender preapproval or other satisfactory financing documentation. One unit at 1622 Prentis Ave is currently vacant and may be available for more flexible showing appointments. Lease information and basic rent roll are available to qualified prospective purchasers. Contact listing agent regarding showing schedules, multiple-property/package offers, lender approval procedures, lease information and additional portfolio details.

1551 Spruce Street Street, East Norfolk

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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.