Multifamily
Triton Portfolio
1311 W Ocean View Ave, Norfolk, VA 23503
Listing Price: $6,900,000
Investment Overview
The offer includes five separate properties, totaling 14 one-bedroom-one bathroom units, 20 two-bedroom-one bathroom units, and 2 three-bedroom-one bathroom units. Extensive renovations were completed from 2021 to 2023 to upgrade both the inside and outside of each property. These properties have consistently operated as fully furnished rentals for either mid-duration (MDR) or long-term (LTR) stays, with a proven financial track record spanning two years. The rental model offers flexibility, allowing owners to maximize rental income by accommodating stays ranging from 30 to 365 days, under various operational setups.
Triton Portfolio
Investment Highlights
- PRIME LOCATION Located in Norfolk's most sought-after neighborhoods of Ocean View and the Historic Ghent Neighborhood
- • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
- TURN-KEY & STABILIZED: Each property has been fully renovated and some units will be offered furnished. Properties were previously used for short-term and/or corporate leasing
Exclusively Listed By
Financing By
Listing Price: $6,900,000
Investment Highlights
- PRIME LOCATION Located in Norfolk's most sought-after neighborhoods of Ocean View and the Historic Ghent Neighborhood
- • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
- TURN-KEY & STABILIZED: Each property has been fully renovated and some units will be offered furnished. Properties were previously used for short-term and/or corporate leasing
Investment Overview
The offer includes five separate properties, totaling 14 one-bedroom-one bathroom units, 20 two-bedroom-one bathroom units, and 2 three-bedroom-one bathroom units. Extensive renovations were completed from 2021 to 2023 to upgrade both the inside and outside of each property. These properties have consistently operated as fully furnished rentals for either mid-duration (MDR) or long-term (LTR) stays, with a proven financial track record spanning two years. The rental model offers flexibility, allowing owners to maximize rental income by accommodating stays ranging from 30 to 365 days, under various operational setups.
Exclusively Listed By
Financing By
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