Income-Producing Property | 3 Bed/2.5 Bath, 1,248� SF | Chase City, VA
601 Roark Street, Chase City, VA 23924 �2,400 Total Sq Ft | Dual-Income Potential | No HOA Offered through a fully virtual, reserve auction, this property presents an exceptional opportunity to acquire a flexible, income-producing home with significant upside. Well located in Chase City, the residence combines immediate rental viability with a clear path to expanded cash flow, making it an ideal acquisition for investors, house hackers, or owner-occupants seeking long-term value and optionality. The home offers approximately 1,248 square feet on the main level plus a full �1,200 square foot walk-out basement, delivering nearly 2,400 square feet of total usable space. The layout naturally supports multi-unit income potential, allowing buyers to generate income immediately while unlocking additional value through improvement. Main Level � Immediate Income or Primary Residence The main level is bright, functional, and thoughtfully arranged, featuring three generously sized bedrooms, two full bathrooms, and a full kitchen with abundant cabinet storage. Multiple living spaces�including a living room, family room, and dining area�provide uncommon flexibility for a home of this size and make the layout highly attractive to renters and owner-occupants alike. Projected Rental Income (Main Level): $1,500 � $1,700 per month | $18,000�� $20,400 annually Walk-Out Basement � Second Unit Upside The full �1,200 square foot walk-out basement is where the property truly distinguishes itself. This expansive lower level includes a half bathroom with room for expansion, separate exterior access for privacy, and an open, adaptable footprint well-suited for conversion. With thoughtful improvements, the space is ideal for a 1�2 bedroom apartment, in-law suite, or auxiliary living unit, creating a clear path to additional income (subject to buyer due diligence and local approvals). Projected Rental Income (Basement Conversion): $900 � $1,200 per month | $10,800�� $14,400 annually Combined Income Potential Once optimized, the property supports strong dual-income performance: � Total projected monthly rent: $2,400 � $2,900 � Total projected annual rent: $28,800 � $34,800 This structure allows for multiple exit strategies, including buy-and-hold rental, house-hack occupancy, or future resale enhanced by income appeal. Exterior & Property Highlights The property is complemented by a flat, usable backyard, rear porch, and storage shed, offering both functionality and everyday enjoyment. No HOA restrictions preserve flexibility and control, while residential zoning (R-1) supports a wide range of buyer strategies. Property Highlights � �2,400 total square feet (main level + full walk-out basement) � Dual-income potential with two distinct living areas � 3-bedroom / 2-bath main level with multiple living spaces � Full �1,200 sq ft walk-out basement ideal for second unit conversion � Existing half bathroom in basement with room to expand to full bath � Separate exterior access for basement unit privacy � Open basement layout well suited for 1�2 bedroom apartment or in-law suite � No HOA, preserving flexibility and control � Residential zoning (R-1) RealAVM� $271,700 Confidence Score 84 RealAVM� Range $247,200 - $296,300 Forecast Standard Deviation 9 Value As Of 12/08/2025 Financing Information *�If you need Financing with an auction-friendly lender for both investor loans AND homeowner loans, Please�CLICK HERE FOR PRE-APPLICATION�to start the approval process or call Robert Oberhand at Oberhand Financial�804-965-4806 For any questions about the property or about the auction, please call Phil Bonnie (757)651-1729 or email pbonnie@dudleyresources.com - Lot 1
