401 S 20th Avenue, Hopewell, VA 23860

Property Description

Versatile, updated, and full of opportunity! This 4-bedroom, 2-bath property offers a flexible duplex-style layout ideal for homeowners, multi-generational living, or income-producing potential. The main level features a 3-bedroom, 1-bath unit with comfortable living space and functional flow. The second level includes a private 1-bedroom, 1-bath suite complete with its own kitchen and separate entrance — offering excellent privacy for guests, extended family, or rental use. This property is being sold fully furnished, making it a true turnkey opportunity. The upstairs unit is currently leased, providing immediate cash flow, while the main unit has performed as a top short-term rental in the Hopewell area. The property generated $42,313.43 in gross income in 2025, offering proven performance and immediate investment appeal. Located with convenient proximity to Fort Gregg-Adams, the property benefits from consistent rental demand and supports a variety of strategies including short-term, mid-term, or long-term rental use. Clean, nicely updated, and ready for continued operation, this as-is property offers flexibility that’s hard to find — whether you're looking to live in one space and lease the other, accommodate extended family, or expand your investment portfolio.