Investor Special
Investor Special – Land Value Opportunity in Suffolk | Short Sale | Redevelopment Potential
Attention investors, builders, and savvy buyers seeking their next value-add project: this 3-bedroom, 1.5-bath ranch-style home presents a rare opportunity where the true value lies in the land. Located in the desirable Huntersville subdivision in Suffolk, this property is being offered as a short sale and is subject to third-party approval. It is being sold strictly as-is, making it an ideal candidate for redevelopment, renovation, or strategic land acquisition.
With 1,052 square feet of interior living space situated on a 5,662.8-square-foot lot, this property provides flexibility for investors looking to renovate, rebuild, or reposition. Whether you are a builder searching for your next infill project or an investor focused on long-term appreciation, this opportunity deserves serious consideration.
Property Overview
Bedrooms: 3
Bathrooms: 1 full, 1 half
Total Living Area: 1,052 sq ft
Lot Size: 5,662.8 sq ft
Year Built: 1947
Style: Ranch
Subdivision: Huntersville – 049
Special Condition: Short Sale (Subject to Third-Party Approval)
Sold As-Is
Built in 1947, this single-story ranch home offers a functional footprint and traditional layout. However, it is classified as a fixer, and buyers should anticipate renovation or redevelopment needs. For many investors, this represents opportunity rather than obstacle.
The Value is in the Land
In real estate investing, location and land often dictate long-term value more than the existing structure. This property’s location within Suffolk enhances its redevelopment appeal. With established utilities including city/county water and sewer, the lot provides a strong foundation for new construction or major renovation.
The manageable lot size supports:
Potential teardown and rebuild
New construction investment property
Custom single-family residence
Strategic long-term land hold
As infill development continues to gain popularity in established communities, parcels like this become increasingly desirable.
Interior Features & Layout
The home includes three bedrooms, including a first-floor bedroom and attic space, providing flexible room usage. The 1.5-bath layout supports family living or rental occupancy.
Interior highlights include:
Laminate/LVP flooring
Electric heat pump heating system
Central air cooling
Crawl space foundation
Dryer and washer hookups
Microwave, gas range, refrigerator, and electric water heater
While functional systems are present, buyers should expect to update or modernize elements depending on investment goals.
The ranch-style layout provides efficient use of space, with all living areas on one level. Single-story homes remain highly desirable for accessibility and rental market appeal.
Exterior & Lot Features
The property includes:
Driveway parking with uncovered spaces
Deck and porch areas
Fenced backyard
Vinyl siding exterior
Composition roof
No HOA restrictions
The fenced backyard enhances privacy and usability, whether for tenants, homeowners, or redevelopment staging.
Outdoor spaces such as the deck and porch can add value if renovated, creating appealing entertaining areas or enhancing rental desirability.
Short Sale & As-Is Sale Details
This property is classified as a short sale and is subject to third-party approval. Buyers should understand the following:
Sale price must be approved by the lender
Timeline may be longer than traditional transactions
Property is sold strictly as-is
No repairs will be made by the seller
Inspections are for buyer knowledge only
Short sales can provide exceptional value opportunities but require patience and proper due diligence. Experienced investors often target short sales to acquire properties below market value.
Financial Snapshot
Price per Square Foot: $48/sqft
Tax Assessed Value: $85,500
Annual Tax Amount: $923
Date on Market: January 16, 2026
The gap between price per square foot and potential after-repair value may present an opportunity for investors focused on equity growth.
Investment Strategies to Consider
This property supports multiple strategic approaches:
1. Full Redevelopment
Remove the existing structure and build a new home designed for today’s market preferences. With city utilities already available, this could streamline construction planning.
2. Major Renovation & Resale
Complete a comprehensive rehab, modernize interior finishes, update systems, and reposition as a renovated ranch in Suffolk’s Huntersville subdivision.
3. Long-Term Rental Hold
Perform necessary updates and operate as a rental property, benefiting from stable demand in established neighborhoods.
4. Land Banking
Hold the property long-term, anticipating appreciation as surrounding development continues.
Why Suffolk?
Suffolk offers a blend of suburban convenience and open space appeal. As one of Virginia’s growing regions, it attracts buyers seeking affordability compared to larger metro centers while maintaining access to amenities, employment hubs, and infrastructure.
Properties within established subdivisions like Huntersville often maintain strong resale demand due to existing utilities, road access, and neighborhood stability.
Renovation Considerations
Given its 1947 construction date, buyers should evaluate:
Structural integrity
Roofing condition
HVAC efficiency
Electrical and plumbing systems
Crawl space moisture conditions
Exterior siding status
Budgeting appropriately for contingencies is essential in fixer projects.
Ideal Buyer Profile
This opportunity may best suit:
Investors experienced with short sales
Builders seeking infill opportunities
Contractors looking for a value-add project
Buyers focused on land acquisition
Cash buyers or renovation loan users
Because the property is sold as-is and subject to lender approval, flexibility and preparedness are critical.
Final Thoughts
This investor special in Suffolk offers a compelling opportunity where the land presents the primary value proposition. With city utilities, a fenced yard, driveway parking, and no HOA, the foundation is in place for redevelopment or renovation.
The 3-bedroom, 1.5-bath ranch layout provides optionality, whether you envision a complete rebuild or a strategic rehab. Being sold as a short sale and strictly as-is, this property requires due diligence and patience—but those willing to navigate the process may uncover significant upside.
For investors and builders ready to unlock land value and reposition a property in an established Suffolk neighborhood, this is an opportunity worth exploring.
Listed on Zillow
