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Multifamily

The Willoughby Portfolio

831 W Ocean View Ave, Norfolk, VA 23503

Listing Price: $5,930,000

Cap Rate
6.09%
Number of Units
36
Price/Unit
$164,722
Price/Gross SF
$205.90
Gross SF
28,800

Investment Overview

The Willoughby Portfolio has thirty-six units across seven buildings. The portfolio was built between 1949-1961 and is situated on approximately +/- 1.84 acres. There are eight studio units, twenty-seven two-bedroom, one-bathroom units and one three-bedroom, one-bathroom units.

Investment Highlights

  • 36 Units: A Mix of Studio, Two- & Three-Bedrooms
  • 3 Property in Close Proximity
  • Nearly All Units Renovated
  • Operational Value-Add

Exclusively Listed By

Multifamily

The Willoughby Portfolio

Listing Price: $5,930,000

Cap Rate
6.09%
Number of Units
36
Price/Unit
$164,722
Price/Gross SF
$205.90
Gross SF
28,800

Investment Highlights

  • 36 Units: A Mix of Studio, Two- & Three-Bedrooms
  • 3 Property in Close Proximity
  • Nearly All Units Renovated
  • Operational Value-Add

Investment Overview

The Willoughby Portfolio has thirty-six units across seven buildings. The portfolio was built between 1949-1961 and is situated on approximately +/- 1.84 acres. There are eight studio units, twenty-seven two-bedroom, one-bathroom units and one three-bedroom, one-bathroom units.

Exclusively Listed By

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