Apartment Buildings /VA /Norfolk City County /Norfolk /516 Dinwiddie St
Apartment Buildings /VA /Norfolk City County /Norfolk /516 Dinwiddie St

516 Dinwiddie St - Apartments FOR SALE


Norfolk, VA 23523 | 
$975,000 USD
310-733-7476
516 Dinwiddie St, Norfolk, VA for Sale
$975,000 USD
Apartments - FOR SALE
1/7
null | 8.83% Cap Rate
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516 Dinwiddie St
Norfolk, VA 23523

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HIGHLIGHTS

  • Great cash flow. 8.8 Cap Rate. 7.82 GRM.
  • Professionally managed. Low deferred maintenance.
  • Tenants pay utilities.
  • 100% Occupied. Good Rental Demand. Close to shipyards.

OVERVIEW

Call for offers by next Wednesday 12/4/24. Good income property with $124,620 annual income and $86,104 projected NOI. Close to two shipyards. Strong rental demand. Building is professionally managed. Tenants pay water, trash, electricity, and gas. Low maintenance property. 100% leased.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

12

PRICE/UNIT

$81,250

CAP RATE

8.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R-8

APN/PARCEL ID

18707400

ASK ABOUT THIS PROPERTY

Keith BrennanBrennan RealtyMore Info
310-733-7476

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Keith BrennanBrennan RealtyMore Info
310-733-7476

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

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