831 W Ocean View Ave - Apartments FOR SALE


Norfolk, VA 23503
$2,950,000 USD
757-675-5164
831 W Ocean View Ave, Norfolk, VA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/22
null | 6.21% Cap Rate

831 W Ocean View Ave
Norfolk, VA 23503


HIGHLIGHTS

  • High Occupancy
  • Fully Remodeled
  • High Rents

OVERVIEW

Property well maintained. Great location just across from the beach and backs up to a park on the water. 2 buildings of Garden Style townhomes with a court yard in the middle each unit with its own spacious front porch. All units are approximately 800 sqft. Each unit is 2 bed 1 bath and some 2 bed 1.5 baths. Each unit has washer and dryer in unit and central heat and air. All units hardwood flooring and or LVP flooring through out. Large parking lot. Great community. Near to bases.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

16

PRICE/UNIT

$184,375

CAP RATE

6.21%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

R-12

APN/PARCEL ID

20011054

ASK ABOUT THIS PROPERTY

Christian PhillipsInlet Realty and Property ManagementMore Info
757-675-5164

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Christian PhillipsInlet Realty and Property ManagementMore Info
757-675-5164

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