Located in Suffolk, Virginia — part of the thriving Hampton Roads metro area — 311 Oak Street presents a rare opportunity for the hands-on buyer, investor, or contractor ready to bring serious vision to a property with serious potential. This 4-bedroom, 1-bathroom home is priced at $139,000 with just $2,000 down and $975 per month through owner financing, making it one of the more accessible entry points into the Suffolk real estate market without the need for a traditional bank loan.

Let's be straightforward: this property needs a full rehabilitation (as well as a rental inspection). The seller has disclosed this as a contractor special, meaning it will require comprehensive work before it's livable. That transparency is exactly what makes this listing appealing to the right buyer — someone who understands that sweat equity and strategic investment can transform a distressed property into something worth far more than the purchase price.

Suffolk is one of the fastest-growing independent cities in Virginia, bordered by Chesapeake to the east and positioned within easy reach of Norfolk, Portsmouth, and the broader Hampton Roads employment corridor. The area has seen consistent residential development, rising property values, and increased demand for renovated housing stock — which makes a rehab project here a potentially smart long-term play.

With 4 bedrooms, there's strong layout potential for a family home, rental property, or resale flip once renovations are complete. The low down payment of $2,000 means your capital can be directed toward the rehab itself rather than tied up in financing costs.

If you're a builder, contractor, or determined DIY buyer looking for a foothold in one of Hampton Roads' most promising cities, 311 Oak Street deserves a closer look.

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