Multifamily
6255 Alexander Street
6255 Alexander St, Norfolk, VA 23513
Listing Price: $1,635,000
Cap Rate
6.53%
Number of Units
18
GRM
7.43
Price/Unit
$90,833
Price/Gross SF
$136.82
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
Financing By
Listing Price: $1,635,000
Cap Rate
6.53%
Number of Units
18
GRM
7.43
Price/Unit
$90,833
Price/Gross SF
$136.82
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.