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Multifamily

201 Dixie Avenue

201 Dixie Ave, Portsmouth, VA 23707

Listing Price: $935,000

Cap Rate
6.74%
Number of Units
8
GRM
8.47
Price/Unit
$116,875
Price/Gross SF
$194.79
Gross SF
4,800

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 201 Dixie Avenue in Portsmouth, Virginia. The property consists of eight units total. There are eight, two-bedroom one-bathroom units across one, two story building built in 1964 and situated on 0.281 acres.

Portsmouth’s location along the Elizabeth River offers picturesque waterfront views and recreational opportunities, making it an attractive place to live for residents seeking a high quality of life. The city’s historic districts, such as Olde Towne, attract residents and visitors alike, contributing to the desirability of multifamily properties in these areas. Portsmouth benefits from a diverse economy, with industries such as shipbuilding, healthcare, education, and tourism contributing to its economic stability.

Investment Highlights

  • Eight Units: All Two-Bedroom, One-Bathroom Layouts
  • Investment Improvements: Substantial Upgrades: New Roof, New Windows, Exterior Paint, 7 Units Fully Updated & Fresh Landscaping.
  • Easy Access to Employment Centers: Within 10 minutes Maryview Bon Secours Hospital, Portsmouth City Public Schools and many others.

Exclusively Listed By

Multifamily

201 Dixie Avenue

Listing Price: $935,000

Cap Rate
6.74%
Number of Units
8
GRM
8.47
Price/Unit
$116,875
Price/Gross SF
$194.79
Gross SF
4,800

Investment Highlights

  • Eight Units: All Two-Bedroom, One-Bathroom Layouts
  • Investment Improvements: Substantial Upgrades: New Roof, New Windows, Exterior Paint, 7 Units Fully Updated & Fresh Landscaping.
  • Easy Access to Employment Centers: Within 10 minutes Maryview Bon Secours Hospital, Portsmouth City Public Schools and many others.

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 201 Dixie Avenue in Portsmouth, Virginia. The property consists of eight units total. There are eight, two-bedroom one-bathroom units across one, two story building built in 1964 and situated on 0.281 acres. Portsmouth’s location along the Elizabeth River offers picturesque waterfront views and recreational opportunities, making it an attractive place to live for residents seeking a high quality of life. The city’s historic districts, such as Olde Towne, attract residents and visitors alike, contributing to the desirability of multifamily properties in these areas. Portsmouth benefits from a diverse economy, with industries such as shipbuilding, healthcare, education, and tourism contributing to its economic stability.

Exclusively Listed By

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