4001 Chesapeake Ave, Hampton, VA 23669

Waterfront living with exceptional flexibility! This fully updated multi-generational property offers beautiful water views and direct gated access to Merrimack Shores Park with no HOA and city-maintained streets.Buyers have the opportunity to assume the existing VA loan (subject to lender approval) with an approximate $490,000 balance at a 3.25% interest rate and estimated principal & interest payment of $2,373/month.The home features two separate living spaces with private entrances, full kitchens, and patios. The front unit (3BR/2.5BA) has been leased to long-term tenants (current lease ends Aug. 22). The rear unit (4BR/1BA) is vacant and includes space for a potential second bath. Over $70,000 in updates include a new driveway, carpet, and two remodeled baths. Property includes transferable Short-Term Rental zoning, subject to applicable city requirements.