Multifamily
1314 & 1318 Little Bay Avenue
1314 Little Bay Ave, Norfolk, VA 23503
Listing Price: $2,300,000
Cap Rate
5.91%
Number of Units
20
GRM
10.67
Price/Unit
$115,000
Price/Gross SF
$191.67
Gross SF
12,000
Investment Overview
The property is comprised of a total of twenty units. All units are one-bedroom & one-bathroom. 1314 & 1318 Little Bay were built in 1970 and is situated on 0.4046 acres.
Exclusively Listed By
Listing Price: $2,300,000
Cap Rate
5.91%
Number of Units
20
GRM
10.67
Price/Unit
$115,000
Price/Gross SF
$191.67
Gross SF
12,000
Investment Highlights
- 20 Units: All One-Bedroom & One-Bathroom
- Central Location: 7.2 Miles from Norfolk Naval Station, 13.3 Miles from Norfolk Naval Shipyard & 10.8 Miles from Downtown Norfolk
- Prime Location Near the Water
- Value-Add Opportunity
Investment Overview
The property is comprised of a total of twenty units. All units are one-bedroom & one-bathroom. 1314 & 1318 Little Bay were built in 1970 and is situated on 0.4046 acres.
Exclusively Listed By
