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Multifamily

Beach Cottage & Poseidon Apartments

900 W Ocean View Ave, Norfolk, VA 23503

Listing Price: $3,000,000

Cap Rate
9.88%
Number of Units
6
Price/Unit
$500,000
Price/Gross SF
$400.00
Gross SF
7,500

Investment Overview

The Beach Cottage features two, two-bedroom one-bathroom units built in 1937 and situated on .1722 acres. Amenities include hardwood flooring, central a/c, wrap around porch, dishwashers, in- unit W&D, and custom wood trim work. Poseidon features three, one-bedroom one-bathroom units and a three-bedroom custom home. The property was built in 1924 and is situated on .1722 acres. Amenities include hardwood floors, recessed lighting, fireplaces, pantries, dishwashers, a sauna, ceiling fans, crown molding, shared laundry room, beach access, court side deck, beach-front deck, gazebo, patio, outdoor shower, and an outdoor kitchen.

Investment Highlights

  • Easy Access to I-64, I-564, I-264 and Hampton Roads Bridge Tunnel
  • Provides Ample Activities Including Fishing, Swimming, Kayaking, Surfing, Volleyball, and much more
  • Private Beach Access

Exclusively Listed By

Multifamily

Beach Cottage & Poseidon Apartments

Listing Price: $3,000,000

Cap Rate
9.88%
Number of Units
6
Price/Unit
$500,000
Price/Gross SF
$400.00
Gross SF
7,500

Investment Highlights

  • Easy Access to I-64, I-564, I-264 and Hampton Roads Bridge Tunnel
  • Provides Ample Activities Including Fishing, Swimming, Kayaking, Surfing, Volleyball, and much more
  • Private Beach Access

Investment Overview

The Beach Cottage features two, two-bedroom one-bathroom units built in 1937 and situated on .1722 acres. Amenities include hardwood flooring, central a/c, wrap around porch, dishwashers, in- unit W&D, and custom wood trim work. Poseidon features three, one-bedroom one-bathroom units and a three-bedroom custom home. The property was built in 1924 and is situated on .1722 acres. Amenities include hardwood floors, recessed lighting, fireplaces, pantries, dishwashers, a sauna, ceiling fans, crown molding, shared laundry room, beach access, court side deck, beach-front deck, gazebo, patio, outdoor shower, and an outdoor kitchen.

Exclusively Listed By

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