1705 Chestnut St - Apartments FOR SALE


Portsmouth, VA 23704
$3,425,000 USD
412-849-9977
1705 Chestnut St, Portsmouth, VA for Sale
$3,425,000 USD
Apartments - FOR SALE
1/5
null | 7.32% Cap Rate

1705 Chestnut St
Portsmouth, VA 23704


HIGHLIGHTS

  • • 32 Units: All Two-Bedroom & One-Bathroom
  • • Easy Access to I-464 & I-264
  • • Close Proximity to Major Employers: Norfolk Naval Shipyard, Sentara Norfolk General Hospital, EVMS & Many Others
  • • Within 10 Minutes of Waterside District & Historic Portsmouth

OVERVIEW

Marcus & Millichap is pleased to present Chestnut Apartments, a 32-unit property with all two-bedroom and one-bathroom units. Positioned at 1705-1733 Chestnut St in Portsmouth, Virginia, the property enjoys easy access to Interstate 464 and Interstate 264 with proximity to Portsmouth Naval Hospital and Naval Shipyard. The property is also located less than 5 miles from the Waterside District, Sentara Norfolk General Hospital, and EVMS Medical Group in Norfolk.

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

32

PRICE/UNIT

$107,031

CAP RATE

7.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chestnut Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,119 SF

ZONING

URM

APN/PARCEL ID

0055-0550

ASK ABOUT THIS PROPERTY

Justin FergusonMarcus & MillichapMore Info
412-849-9977

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Justin FergusonMarcus & MillichapMore Info
412-849-9977

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.