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Multifamily

6255 Alexander Street

6255 Alexander St, Norfolk, VA 23513

Listing Price: $1,675,000

Cap Rate
6.16%
Number of Units
18
GRM
7.61
Price/Unit
$93,056
Price/Gross SF
$140.17
Gross SF
11,950

Investment Overview

The property consists of eighteen units total. There are eight, one-bedroom one-bathroom units and ten, two-bedroom one-bathroom units across two , two story buildings built in 1977 and situated on 0.46 acres.

Investment Highlights

  • 18 Units: Mix of One- & Two-Bedrooms
  • Easy access to I-64, I-264, I-564, and Granby Street
  • Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
  • Immediate organic rent growth opportunity, Prime candidate for interior upgrade initiative

Exclusively Listed By

Multifamily

6255 Alexander Street

Listing Price: $1,675,000

Cap Rate
6.16%
Number of Units
18
GRM
7.61
Price/Unit
$93,056
Price/Gross SF
$140.17
Gross SF
11,950

Investment Highlights

  • 18 Units: Mix of One- & Two-Bedrooms
  • Easy access to I-64, I-264, I-564, and Granby Street
  • Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
  • Immediate organic rent growth opportunity, Prime candidate for interior upgrade initiative

Investment Overview

The property consists of eighteen units total. There are eight, one-bedroom one-bathroom units and ten, two-bedroom one-bathroom units across two , two story buildings built in 1977 and situated on 0.46 acres.

Exclusively Listed By

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