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Multifamily

171-179 W Balview Avenue

171 W Balview Ave, Norfolk, VA 23503

Listing Price: $2,699,000

Cap Rate
6.75%
Number of Units
20
GRM
8.27
Price/Unit
$134,950
Price/Gross SF
$198.46
Gross SF
13,600

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 171-179 W Balview Avenue in Norfolk, VA.

The property consists of twenty units total. There are eight, one-bedroom and one-bathroom units and twelve, two-bedroom one-bathroom units across two, two-story buildings built in 1987 and situated on +/- 0.24 acres.

Investment Highlights

  • 20 Units: A Mix of One- & Two-Bedrooms
  • TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street
  • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall

Exclusively Listed By

Multifamily

171-179 W Balview Avenue

Listing Price: $2,699,000

Cap Rate
6.75%
Number of Units
20
GRM
8.27
Price/Unit
$134,950
Price/Gross SF
$198.46
Gross SF
13,600

Investment Highlights

  • 20 Units: A Mix of One- & Two-Bedrooms
  • TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street
  • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 171-179 W Balview Avenue in Norfolk, VA. The property consists of twenty units total. There are eight, one-bedroom and one-bathroom units and twelve, two-bedroom one-bathroom units across two, two-story buildings built in 1987 and situated on +/- 0.24 acres.

Exclusively Listed By

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