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Multifamily

Effingham Green Condos

1007 Green St, Portsmouth, VA 23704

Listing Price: $2,275,000

Cap Rate
7.12%
Number of Units
17
GRM
7.85
Price/Unit
$133,824
Price/Gross SF
$284.38
Gross SF
8,000

Investment Overview

summary on this exclusive opportunity below:
Effingham Green Condos has seventeen two-bedroom, one-bathroom units. The property was built in 1987 and is situated on +/- 2.00 Acres. Effingham Green Condos are strategically located in the heart of Portsmouth. Portsmouth is home to the Norfolk Naval Shipyard, one of the largest shipyards in the United States. Military personnel and civilian employees often seek housing in nearby areas, creating a steady demand for rental properties.

Investment Highlights

  • 17 Units: All Two-Bedroom, One-Bathroom
  • Easy access to Interstate 64, Interstate 264 & High Street
  • Less than 3 Miles from Norfolk Naval Shipyard
  • Prime Candidate for Apartment Interior Renovations

Exclusively Listed By

Multifamily

Effingham Green Condos

Listing Price: $2,275,000

Cap Rate
7.12%
Number of Units
17
GRM
7.85
Price/Unit
$133,824
Price/Gross SF
$284.38
Gross SF
8,000

Investment Highlights

  • 17 Units: All Two-Bedroom, One-Bathroom
  • Easy access to Interstate 64, Interstate 264 & High Street
  • Less than 3 Miles from Norfolk Naval Shipyard
  • Prime Candidate for Apartment Interior Renovations

Investment Overview

summary on this exclusive opportunity below: Effingham Green Condos has seventeen two-bedroom, one-bathroom units. The property was built in 1987 and is situated on +/- 2.00 Acres. Effingham Green Condos are strategically located in the heart of Portsmouth. Portsmouth is home to the Norfolk Naval Shipyard, one of the largest shipyards in the United States. Military personnel and civilian employees often seek housing in nearby areas, creating a steady demand for rental properties.

Exclusively Listed By

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