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Calling all investors and flippers! Here's a rare opportunity to acquire a solid 3-bedroom, 1-bath home on a large lot in Norfolk, featuring a private pool and a detached garage. This property is a blank canvas with a clear path to adding significant value. With an ARV projected at $340k - $350k+ after renovations, including adding a highly desirable 2nd bathroom, this deal offers substantial upside. Located just minutes from Ocean View Beach, this is a prime investment in a fantastic location.

Address: 9323 Morwin St, Norfolk, VA 23503

ARV: $340K (add 2nd bath) $350K (+repair pool)

Rehab Budget: $45K - $50K

Property Overview:

Property Type:  Single Family Home

Bedroom:  3

Bathroom:  1

Living Area: 1340 sqft  

Year Built: 1946 

Lot Size: 8089 sqft 

Comps:

9402 Morwin Street - $334,900

9424 Sturgis St - $339,000

8861 Devon St - $360,000

Features:

• Prime Value-Add: The #1 opportunity is adding a 2nd bathroom, a major value driver.

• Private Pool: Huge entertainment feature; repair it to unlock maximum ARV.

• Excellent Mechanicals: HVAC unit is only 4-5 years old—a major expense already handled!

• Solid Roof: A 12-year-old roof has plenty of remaining life.

• Ample Storage: Includes both a detached shed and a garage.

• Large, Buildable Lot: Provides incredible outdoor space and potential for expansion (e.g., deck, patio, ADU? Subject to zoning).

• No Major Window Expense: Windows do not need to be replaced.

Proximity:

• Beach Life: Less than 2 miles to the sand and restaurants of Ocean View Beach Park.

• Convenient Access: Easy commute to Naval Station Norfolk, I-64, and Downtown Norfolk.

• Amenities: Close to shopping centers, grocery stores (Food Lion, Aldi), and local dining on E. Ocean View Avenue.

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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