RARE LUCRATIVE INVESTMENT PROPERTY NOT IN FLOOD ZONE! 4 rental units total. The 1-story cottage (4338 Estella Dr, Units 3 & 4) has two 1-bedroom apartments each with an eat-in kitchen/living room combo and full bath. Unit 3 has a covered deck and fenced-in yard. Unit 4 has been remodeled with hardwood flooring in the kitchen/living area, has a private deck and is rented furnished. New cottage roof installed in 2016. The 2-story house (4346 Estella Dr, Units 5 & 6) consists of a 2-bedroom apt on both floors, each with a living room, eat-in kitchen, full bathroom and individual central HVAC systems. Unit 6 has been remodeled with bamboo flooring in kitchen/living area, rents furnished, has a screened deck and fenced-in yard. New central HVAC system installed August 2021. Unit 5 has upgraded flooring in bedrooms, new kitchen cabinets/appliances were installed in 2016, has 2 private entrances with decks and currently a vacation rental. The large detached 2-car garage has separate entrances to each bay with water, electric and washer/dryer hook-ups on both sides. Live in one unit while the other 3 pay your mortgage! All on one deed. Willing to negotiate with buyer's agents up to a 3% commission. Property is occupied, please do not disturb. Shown by appointment only. Email serious inquiries to nhoffman@chincoteaguerentals.info or text 717-329-0706.
Off market
$483,500
4346 & 4338 Estella Dr, Chincoteague Island, VA 23336
6beds
2,168sqft
MultiFamily
Built in 1970
-- sqft lot
$483,500 Zestimate®
$223/sqft
$1,627 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Other, Electric
Cooling
- Central, Other
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Softwood, Tile, Carpet, Hardwood, Laminate
- Basement: None
Interior area
- Total interior livable area: 2,168 sqft
Property
Parking
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Stucco, Wood products, Cement / Concrete
Lot
- Size: 0.31 Acres
Details
- Parcel number: 030A5A0000309B0
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1970
Community & neighborhood
Location
- Region: Chincoteague Island
Services availability

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