2.13 Acres of Potential

“2.13 Acres of Potential – 3 Bedroom Ranch Home in Suffolk, VA”

If you’ve been looking for the perfect investment opportunity, fixer-upper project, or simply a chance to own a large piece of land in Suffolk, Virginia, this property deserves your attention. Set on a beautiful 2.13-acre lot, this 3-bedroom, 1-bath ranch-style home offers a peaceful setting surrounded by trees and open space.

While the home itself is being sold “AS-IS,” the true value lies in the land and its potential. Whether you’re an investor looking for your next project, a builder searching for a desirable lot, or a buyer with a vision for renovation, this property presents a rare opportunity to create something special in a sought-after rural area of Suffolk.

Property Overview

Address: Suffolk, VA (All Others Area 62)

Bedrooms: 3

Bathrooms: 1

Total Living Area: 969 sq. ft.

Lot Size: 2.13 acres

Year Built: 1945

Style: Ranch

Parcel Number: 5634

Price per Sq. Ft.: $48

Tax Assessed Value: $145,800

Annual Taxes: $1,470

Special Condition: Bank-Owned / REO Property

Sold As-Is

A Spacious 2.13-Acre Lot – Peaceful and Private

What truly sets this property apart is its generous lot size. With over 2 acres of land, there’s plenty of room for expansion, outdoor living, gardening, recreation, or even future development.

The setting is tranquil and naturally beautiful, featuring mature trees that provide shade, privacy, and a pleasant wooded backdrop. The property offers tree and woodland views, giving you that rural atmosphere while still being close to local conveniences and main roads.

If you’ve dreamed of having extra space to spread out — perhaps for a workshop, detached garage, garden, or even a small homestead — this property delivers.

The Home: 3 Bedrooms, 1 Bath, Classic Ranch Layout

Originally built in 1945, this single-story ranch has a traditional and functional layout. The home measures approximately 969 square feet, making it manageable for renovation and upkeep.

Inside, you’ll find:

3 bedrooms (including a 1st floor bedroom)

1 full bathroom

A living area that could easily be reimagined into an open floor plan

Vinyl and wood flooring throughout

Crawl space basement

No current heating or cooling system, allowing you to design your preferred modern system

While the home will require a full rehab, it offers a solid base for someone with a vision. The asbestos and vinyl siding exterior speaks to its mid-century design, while the composition roof provides reliable coverage.

The lack of existing HVAC and appliances gives you a blank canvas to install energy-efficient upgrades and customize the home exactly as you’d like.

This is a true handyman special — ideal for contractors, investors, or DIY buyers who can see the potential beyond the repairs.

Utilities and Systems

Despite the home’s age, the property has basic infrastructure already in place:

Water: Private well

Sewer: Septic tank

Electric water heater included

Refrigerator included (sold as-is)

No heating or cooling currently installed

Because the property is already connected to well and septic, much of the groundwork for utilities is done — a major cost savings for future renovations or new construction.

Parking and Outdoor Features

The home includes a driveway with uncovered parking spaces, offering convenience and easy access for multiple vehicles. There’s ample room on the property to build a detached garage, barn, or workshop if desired.

The land’s size and layout provide endless possibilities for outdoor enhancements. Add a garden, outdoor patio, deck, or even a small guest cottage — there’s space for it all.

And with the peaceful surroundings and natural tree line, you’ll enjoy privacy and a sense of seclusion, even while being part of a friendly rural community.

Condition and Opportunity

This property is being sold “AS-IS” as part of a bank-owned (REO) sale. That means the seller makes no repairs or warranties, and the buyer is responsible for any needed updates or improvements.

However, the as-is condition also creates tremendous opportunity. Buyers with renovation experience or a creative eye can transform this property into something truly special — whether it’s a cozy home, a rental investment, or a long-term land hold.

Key investment benefits include:

Affordable price point for acreage in Suffolk

Land value exceeds the structure value — solid long-term equity potential

Low property taxes for the acreage size

Rural tranquility with city conveniences a short drive away

Location Highlights – The Heart of Suffolk, Virginia

Located in Suffolk’s All Others Area 62, this property sits within a scenic and peaceful region of southeastern Virginia known for its blend of farmland, forest, and small-town charm.

Suffolk offers the perfect combination of country living and accessibility. You can enjoy quiet days surrounded by nature while still being within driving distance of shopping, schools, and major roadways.

Nearby points of interest include:

Downtown Suffolk – charming shops, dining, and community events

Nansemond River – for fishing, boating, and outdoor recreation

Highways 58 and 460 – quick routes to Chesapeake, Portsmouth, and Norfolk

Local farms and markets – fresh produce and handmade goods

Public parks and walking trails – great for families and outdoor lovers

This region is ideal for buyers seeking space, privacy, and value without sacrificing convenience.

Why Invest Here

In today’s market, large parcels of land with existing structures are becoming increasingly rare — especially in growing areas like Suffolk. This property offers multiple paths for return on investment:

Rehab and resale: Renovate the existing structure into a move-in-ready single-family home.

Rental potential: Once improved, it could serve as a desirable rental property for tenants seeking rural living.

New construction: Build your dream home or a custom residence on the 2.13-acre lot.

Long-term land hold: With property values continuing to rise, simply holding the land offers excellent appreciation potential.

Whether you’re a first-time investor or an experienced builder, this parcel has long-term potential and flexibility.

Property Facts at a Glance
Feature Details
Type Single Family Residence
Style Ranch
Year Built 1945
Bedrooms 3
Bathrooms 1 (Full)
Living Area 969 sq. ft.
Lot Size 2.13 acres
Stories 1
Basement Crawl Space
Fireplace None
Heating / Cooling None
Water / Sewer Well / Septic
Roof Composition
Siding Asbestos, Vinyl
Parking Driveway (Uncovered)
View Trees / Woods
Condition Bank-Owned, Sold “As-Is”
Community All Others Area 62
HOA None
Taxes (Annual) $1,470
Assessed Value $145,800
Final Thoughts

This 3-bedroom, 1-bath ranch on 2.13 acres represents an incredible value and opportunity in the Suffolk area. With land as its greatest asset, this property is ideal for investors, renovators, or anyone who wants to create their own country retreat.

Bring your imagination and your tools — the potential here is limited only by your vision.

Enjoy the peace and quiet of a wooded, rural setting while staying close to the conveniences of town. Whether you restore, rebuild, or reimagine, this property is ready for its next chapter.

Sold As-Is. No repairs or concessions. Value is in the land — come see the possibilities today.