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Multifamily

The Flats at Gum Drive

3593 Gum Dr, Portsmouth, VA 23707

Listing Price: $1,845,500

Cap Rate
7.00%
Number of Units
16
GRM
7.85
Price/Unit
$115,344
Price/Gross SF
$192.24
Gross SF
9,600

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for The Flats at Gum Drive located at 3593-3607 Gum Drive in Portsmouth, Virginia.

The property consists of sixteen units total. There are eight, one-bedroom and one-bathroom units and eight, two-bedroom two-bathroom units across three, two story building built in 1972, renovated in 1982 and situated on 0.75 acres.

Investment Highlights

  • 16 Units: A Mix of One- & Two-Bedroom Units
  • TRANSIT ORIENTED Easy access to I-264 and I-464
  • EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes Maryview Bon Secours Hospital, Portsmouth City Public Schools and many others.

Exclusively Listed By

Financing By

Multifamily

The Flats at Gum Drive

Listing Price: $1,845,500

Cap Rate
7.00%
Number of Units
16
GRM
7.85
Price/Unit
$115,344
Price/Gross SF
$192.24
Gross SF
9,600

Investment Highlights

  • 16 Units: A Mix of One- & Two-Bedroom Units
  • TRANSIT ORIENTED Easy access to I-264 and I-464
  • EASY ACCESS TO NUMEROUS 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 The Flats at Gum Drive located at 3593-3607 Gum Drive in Portsmouth, Virginia. The property consists of sixteen units total. There are eight, one-bedroom and one-bathroom units and eight, two-bedroom two-bathroom units across three, two story building built in 1972, renovated in 1982 and situated on 0.75 acres.

Exclusively Listed By

Financing By

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