1316 cypress avenue

Incredible! investment turnkey! opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and close to the Wave Park site. 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. Professionally designed and expertly marketed in both print and televised media, this turnkey rental sanctuary earns good return while land appreciates and has an established following. Designer lighting, plumbing fixtures, and textiles throughout, with custom landscaping and updates like new siding, HVAC systems and roofs. Take a dip in the heated saltwater pool or relax on the charming front porch, seeing is believing when walking through these bungalows each with their own personality, thoughtful touches and coastal way of life.