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Multifamily

Meadow Brook Terrace

1524 Longdale Dr, Norfolk, VA 23518

Listing Price: $2,300,000

Cap Rate
6.12%
Number of Units
26
GRM
0.65
Price/Unit
$88,462
Price/Gross SF
$93.04
Gross SF
24,720

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 1524 Longdale Drive in Norfolk, VA 23518.

The property consists of twenty-six units total. There are nine, one-bedroom one-bathroom units and seventeen, two-bedroom one-bathroom units across two , two story buildings built in 1979 and situated on 0.90 acres.

Investment Highlights

  • 26 Units: A Mix of One- & Two-Bedrroms
  • Value-Add Opportunity
  • Prime Location to Major Employers: Portsmouth Naval Center & Norfolk Naval Shipyard
  • Within 15 Minutes of Waterside District, Historic Portsmouth & Norfolk International Airport
  • Easy Access to I-64, HRBT & I-264

Exclusively Listed By

Multifamily

Meadow Brook Terrace

Listing Price: $2,300,000

Cap Rate
6.12%
Number of Units
26
GRM
0.65
Price/Unit
$88,462
Price/Gross SF
$93.04
Gross SF
24,720

Investment Highlights

  • 26 Units: A Mix of One- & Two-Bedrroms
  • Value-Add Opportunity
  • Prime Location to Major Employers: Portsmouth Naval Center & Norfolk Naval Shipyard
  • Within 15 Minutes of Waterside District, Historic Portsmouth & Norfolk International Airport
  • Easy Access to I-64, HRBT & I-264

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 1524 Longdale Drive in Norfolk, VA 23518. The property consists of twenty-six units total. There are nine, one-bedroom one-bathroom units and seventeen, two-bedroom one-bathroom units across two , two story buildings built in 1979 and situated on 0.90 acres.

Exclusively Listed By

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