Updated 3 Bdrm, 2.5 Bath Centrally Located Condo Virginia Beach, VA

Updated 3 bdrm, 2.5 bath Centrally Located Condo!

• Opening Bid: $125,000
• Former Rental Property Collecting $1,375.00/Monthly. Tons of Upside To Raise Rent!
• New Paint, New Carpet, 2019 HVAC Unit Installed
• Popular Virginia Beach Community!
• $500 Appliance Credit For Oven Paid to Buyer At Settlement

Tranzon is pleased to bring to auction this 3 bedroom, 2.5 bath, three story quaint condo located in the Points West Condominium community in Virginia Beach, Virginia. This home has an open floor concept, featuring fresh paint, new carpet, and a newer HVAC unit installed in 2019. Large bedrooms, a nice patio for lounging after a long day, and lots of natural light will make this a great fit whether as a rental or primary residence. You will enjoy close shopping, a quick drive to the highway, golf courses and parks nearby. You're also only a short drive to the Virginia Beach Amphitheater, area hospital and the local community college, TCC!

This property has been a rental property since Fall of 2013. The unit is now Vacant and ready for a new owner. The previous monthly rent was $1,375.00/month, with extensive upside with similar units renting between $1,700-$2,000+ per month in the area.

The $274.00/month condo fee includes sewage, water, and trash pickup.

Condo Association Management: United Property Associates; 757-502-4810

Parcel ID#: 146-582-94449-650
2024 Tax Assessment: $222,100

Note: Agent is related to seller

IF YOU'RE AN AGENT REPRESENTING A BUYER, PLEASE CALL SETH A. WHITE FOR FURTHER INSTRUCTIONS AT 757-650-6424 or EMAIL HIM AT SWHITE@TRANZON.COM

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Seth White

Seth White: Tranzon Key

757-650-6424 swhite@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 30-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 24 hours of being notified that you are the successful high bidder.
• Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.