This property is located in Newport News, Virginia. For a variety of reasons, we believe Newport News, Virginia is one of the premier cities in Hampton Roads for investment property purchases. First, the property taxes are lower in Newport News than many of the other cities in the area. Second, the area is saturated with high-quality renters looking for an updated place to live. With the Newport News Shipyard, multiple nearby military bases, and several universities nearby, renters are highly prevalent in this city. Lastly, and most importantly, many properties can be purchased for less than $75,000 with average rents for 3br/2ba properties at over $1100! There’s no doubt you can instantly obtain a return on investment buying in this amazing city.