3 Bed/ 2.5 Bath, 2400 Sq. with no HOA

Timed auction by Dudley Resources

Starts Dec 19, 2025 12:00 PM EST. Ends Jan 28, 2026 2:00 PM EST

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  

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