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Multifamily

Surfrider

1240 W Ocean View Ave, Norfolk, VA 23503

Listing Price: $6,500,000

Cap Rate
5.18%
Number of Units
32
GRM
10.23
Price/Unit
$203,125
Price/Gross SF
$200.62
Gross SF
32,400

Investment Overview

The property consists of thirty-two units across two, two-story buildings built in 1981, situated on +/- 0.99 acres with a total size of 32,400 sf. There is a mix of one- and two-bedroom units.

Investment Highlights

  • 32 Units: Mix of One- & Two-Bedrooms
  • Beach Front Community
  • Well Maintained & Recently Upgraded
  • High Demand Location for Long or Short Term Rentals

Exclusively Listed By

Listing Price: $6,500,000

Cap Rate
5.18%
Number of Units
32
GRM
10.23
Price/Unit
$203,125
Price/Gross SF
$200.62
Gross SF
32,400

Investment Highlights

  • 32 Units: Mix of One- & Two-Bedrooms
  • Beach Front Community
  • Well Maintained & Recently Upgraded
  • High Demand Location for Long or Short Term Rentals

Investment Overview

The property consists of thirty-two units across two, two-story buildings built in 1981, situated on +/- 0.99 acres with a total size of 32,400 sf. There is a mix of one- and two-bedroom units.

Exclusively Listed By

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