Apartment Buildings /VA /Portsmouth County /Portsmouth /19 Kennedy Dr
Apartment Buildings /VA /Portsmouth County /Portsmouth /19 Kennedy Dr

19 Kennedy Dr - Apartments FOR SALE


Portsmouth, VA 23702 | 
$1,500,000 USD
757-553-0099
19 Kennedy Dr, Portsmouth, VA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/6
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19 Kennedy Dr
Portsmouth, VA 23702

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HIGHLIGHTS

  • Value-Add Opportunity
  • Occupancy: 68%
  • Long-term tenants
  • Each unit is equipped with electric range, oven and refrigerator
  • HVAC: Window Units
  • Proximity to major employers including Norfolk Naval Shipyard, BAE Systems, Bon Secours Medical Center and others

OVERVIEW

This waterfront multifamily property sits on approximately 5.9 acres overlooking Paradise Creek in the Cradock Historic District of Portsmouth, Virginia. With below-market rents, Kennedy Drive Apartments presents a value-add opportunity with immediate upside. Family owned and operated since constructed.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

20

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.94 AC

LAND SF

258,877 SF

ZONING

UR-M

APN/PARCEL ID

0415-0040

ASK ABOUT THIS PROPERTY

John WesslingS.L. Nusbaum Realty Co.More Info
757-553-0099

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John WesslingS.L. Nusbaum Realty Co.More Info
757-553-0099

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

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