Multifamily
9324 1st View Street
9324 1st View St, Norfolk, VA 23503
Listing Price: $2,500,000
Cap Rate
7.93%
Number of Units
18
GRM
7.49
Price/Unit
$138,889
Price/Gross SF
$252.63
Gross SF
9,896
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for 9324 1st View Street located in Norfolk, VA.
The property consists of eighteen units, all one-bedroom and one-bathroom. 9324 1st View Street was built in 1978 and situated on 0.40 acres.
Investment Highlights
- 18 Units: All One-Bedroom & One-Bathroom
- Prime Location: Within 1 Miles of Ocean View Beach
- Operational Value-Add Opportunity
- Day 1 Positive Cash Flow & Positive Leverage
Exclusively Listed By
Financing By
Listing Price: $2,500,000
Cap Rate
7.93%
Number of Units
18
GRM
7.49
Price/Unit
$138,889
Price/Gross SF
$252.63
Gross SF
9,896
Investment Highlights
- 18 Units: All One-Bedroom & One-Bathroom
- Prime Location: Within 1 Miles of Ocean View Beach
- Operational Value-Add Opportunity
- Day 1 Positive Cash Flow & Positive Leverage
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for 9324 1st View Street located in Norfolk, VA. The property consists of eighteen units, all one-bedroom and one-bathroom. 9324 1st View Street was built in 1978 and situated on 0.40 acres.
Exclusively Listed By
Financing By