1316 Cypress Ave

Virginia Beach, VA 23451 View Map $1,475,000 Schedule a Tour
Beds3
Baths2
Sq.Ft.1,300
Year1937
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David Phillips

David Phillips

(757) 816-1676
 
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Status: Active
Property Type:Detached
MLS #:10512622
Sq. Feet:1,300
On Site:91 Days
County:Virginia Beach
Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. 1316 & 1312 Cypress Ave are being sold together for a total combined price of $2.375M. Experience the magic of this impeccably curated, one of a kind designer haven that includes 5 pink bungalows over 2 lots. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short term rentals earning 130K/yr in 2022 and 123K in 2023 YTD (rented through Dec). 1312 Cypress Ave has 3 yearly rental units w/ total potential income of 72K/yr based on current rental rates. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
1/4/2024$2,750,000$1,750,000-36.4%
1/30/2024$1,750,000$1,475,000-15.7%

Community Information

Address:1316 Cypress Ave, Virginia Beach, VA 23451
Area:43 - Northeast Virginia Beach
County:Virginia Beach
City:Virginia Beach
Subdivision:Beach Borough
Zip Code:23451

School Information

High School:First Colonial
Middle School:Virginia Beach
Elementary School:W.T. Cooke

Architecture

Bedrooms: 3
Bathrooms: 2
Year Built:1937
Stories:1
Style:Bungalow,Cottage,Other
Exterior: Fiber Cement, Vinyl
Roof: Asphalt Shingle
Foundation: Sealed/Encapsulated Crawl Space

Features / Amenities

Appliances: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
Interior Features: Bar, Cathedral Ceiling, Pull Down Attic Stairs, Window Treatments
Flooring: Ceramic, Laminate/LVP, Wood
Rooms: 1st Floor BR, 1st Floor Primary BR, Breakfast Area, Loft, PBR with Bath, Porch, Sun Room
Exterior Features: Corner, Guest/Carriage House, Patio
Pool: In Ground Pool
Parking: Multi Car, Driveway Spc
Cooling: Central Air
Heating: Heat Pump
Water Heater: Gas
Total Rooms:6

Rooms

SizeLevel
Primary Bedroom1

Property Features

Disclosure: Disclosure Statement
Sewer: City/County
Water: City/County
Fence: Full, Privacy
Zoning:R5D

Tax and Financial Info

Tax Amount: $9, 000
Home Owner Assoc. (HOA): No
Buyer’s Agent Commission: 3%

Listing Office

Listing provided courtesy of Howard Hanna Real Estate Services.

Schools

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1316 Cypress Ave Virginia Beach,  VA 23451
GO SEE THIS LISTING
1316 Cypress Ave Virginia Beach, VA 23451
 
ASAP
Tue
5
Mar
Wed
6
Mar
Thu
7
Mar
Fri
8
Mar
Sat
9
Mar
Sun
10
Mar
Mon
11
Mar
Choose Your Date -- It's Free, Cancel Anytime
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Listing Information Last Updated 3/4/2024
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