831 Ocean View Ave, Norfolk, VA 23503

16 Unit Apartment Building | $3,000,000 ($187,500/Unit) | 6.11% Cap Rate | Norfolk, VA 23503

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,000,000

Property Type
Multifamily
Square Feet
13,120 SF

Listing Contacts

Christian Phillips
Christian Phillips
Verified Profile
  • Property Info

Property 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.

Property Details

Class
C
Year Built
1965
Stories
2
Lot Size (sq. ft)
25,700 SF
Units
16

Highlights

  • High Occupancy
  • Fully Remodeled
  • High Rents

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