Beachfront living at a fraction of the price while making an income! 3110 & 3116 E Ocean View Ave is the perfect setting for your beach living experience and offers a half acre of land to make your oceanfront dreams come true.
3110 & 3116 E Ocean View Ave, Norfolk VA
Large parcel of land reaching from East Ocean View Avenue, 275 feet to the bay on 1/2 acre with antique cottage rentals. The perfect setting for your beach living experience, fenced-in yard and your own parking space in lot at East Ocean View Ave. Purchase 3110 & 3116 E Ocean View Ave totaling approx ½ acre of land, 6 buildings with 9 units & 75 feet of Beachfront & 275 feet of lot depth.
Live on the beach for free in your own beachfront cottage, while 3 other cottages pay your mortgage! Located west of Chix Beach and Little Creek Inlet, Oceanview Beach is a neighborhood of mixed new homes/old beach cottages a community featuring a spectacular beach overlooking the mouth of Chesapeake Bay.
Perfect for swimming in shallow, warmer water with great fishing, crabbing, kayaking, sailing, kite surfing, & surfing among many water sports. Go for a run or walk anytime, lie out on the large sandy beach and soak up some rays, later visit nearby restaurants. Nearby Marinas and Yacht Club offers sailing regattas and sport fishing boats.
This investment property features cap rate of 5.6% and net income of $2800 per month after expenses with your cottage available for your enjoyment or for Air B&B to increase your income when you’re not there or build your dream beachfront home!
Norfolk’s Ocean View is on the shores of the Chesapeake Bay and features an eclectic variety of homes, including waterfront homes, townhomes, condos and Craftsman-style beach cottages.
It is ten minutes from the Norfolk airport and twenty minutes away from Downtown Norfolk or NOB.
There are many shopping opportunities nearby. The closest stores are on Ocean View Avenue, but other opportunities include MacArthur Mall or the boutiques in Ghent or Downtown Norfolk. Groceries and specialty items can also be bought at JANAF, Broad Creek Crossing, or at Wards Corner. Haygood and Pembroke malls in Virginia Beach are also quickly accessible.
It is in the Lake Taylor High School District. Little Creek Elementary School is nearby, and Azalea Garden Middle School also serves the area. Private school options include Norfolk Academy, Cape Henry Collegiate, and Montessori schools.
Looking to sell and not sure what your home is worth? Thinking about buying but not sure about your earning power? Contact me today for a complimentary marketing analysis of your home’s value, or to learn about the buying process.
Luxury Homes Specialist
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