Mixed-Use
1005 Chesapeake Ave
1005 Chesapeake Ave, Chesapeake, VA 23324
Listing Price: $500,000
Investment Overview
Marcus and Millichap is pleased to present the exclusive offering for 1004 Chesapeake Avenue in Chesapeake, Virginia. The subject property is comprised of two apartments and one commercial space located in the Diggstown neighborhood. The apartments consist of one 3 bed 1 bath and one 1 bed 1 bath unit and the commercial space is currently occupied by a recording studio. Diggstown has a fairly dense commercial area where the subject property is located and provides quick and easy access to 464 and 64. It is also a short distance to the largest employer in the region the US Naval Shipyard located just across the bridge in Norfolk. The property has been well maintained and the apartments have ample room for the rents to be increased. This is a great property for someone looking to get started in investing in commercial real estate.
Exclusively Listed By
Listing Price: $500,000
Investment Highlights
- Steady cash flowing asset in popular Chesapeake neighborhood
- Recently renovated apartments and office space with tenants in place
- Upside in monthly rents with historically high occupancy
- Great opportunity for a first time investor
Investment Overview
Marcus and Millichap is pleased to present the exclusive offering for 1004 Chesapeake Avenue in Chesapeake, Virginia. The subject property is comprised of two apartments and one commercial space located in the Diggstown neighborhood. The apartments consist of one 3 bed 1 bath and one 1 bed 1 bath unit and the commercial space is currently occupied by a recording studio. Diggstown has a fairly dense commercial area where the subject property is located and provides quick and easy access to 464 and 64. It is also a short distance to the largest employer in the region the US Naval Shipyard located just across the bridge in Norfolk. The property has been well maintained and the apartments have ample room for the rents to be increased. This is a great property for someone looking to get started in investing in commercial real estate.
Exclusively Listed By
