Triton Portfolio Multi-Family FOR SALE


Norfolk, VA
$6,900,000 USD
412-849-9977
, Norfolk, VA for Sale
$6,900,000 USD
Multi-Family - FOR SALE
1/9
null | 7.19% Cap Rate

Triton Portfolio
Norfolk, VA


HIGHLIGHTS

  • 36 Units: A Mix of One- & Two- Bedrooms
  • Prime Location: Located in Norfolk’s most sought-after neighborhoods of Ocean View and the Historic Ghent Neighborhood
  • Easy Access To Numerous Employment Centers: Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
  • Turn-Key & Stabilized: Each property has been fully renovated and some units will be offered furnished. Properties were previously used for short-te

OVERVIEW

The offer includes five separate properties, totaling 14 one-bedroom-one bathroom units, 20 two-bedroom-one bathroom units, and 2 three-bedroom-one bathroom units. Extensive renovations were completed from 2021 to 2023 to upgrade both the inside and outside of each property. These properties have consistently operated as fully furnished rentals for either mid-duration (MDR) or long-term (LTR) stays, with a proven financial track record spanning two years. The rental model offers flexibility, allowing owners to maximize rental income by accommodating stays ranging from 30 to 365 days, under various operational setups.

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.