5805 Burton Station Road

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5805 Burton Station Road

Virginia Beach, VA 23455
Asking Price
$1.50M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel situated at 5805 Burton Station Road.
  • Property is zoned R5D for Residential Duplex District use.
  • Full utilities are provided to the site for immediate development.
  • Asking price for this Virginia Beach asset is $1,500,000.
  • Site supports residential development projects including multi-family housing units.

What's Special

This residential land parcel at 5805 Burton Station Road in Virginia Beach spans a strategic location within a growing coastal market. The site is zoned R5D, or Residential Duplex District, providing clear potential for multi-family development or the construction of paired housing units. Investors and builders benefit from the inclusion of utilities to the site, which streamlines the initial phase of development for residential projects in this Virginia Beach submarket. The area is well-positioned to serve the housing needs of a local population characterized by steady demand for residential density near major regional employment hubs and transportation corridors. Given the specific zoning designation and existing infrastructure, this property represents a practical acquisition for developers focused on the residential sector. The site offers accessibility and utility readiness that align with the requirements for modern duplex or small-scale multi-family housing developments.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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