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Multifamily

1208 W Ocean View Avenue

1208 W Ocean View Ave, Norfolk, VA 23503

Listing Price: $1,800,000

Cap Rate
6.70%
Number of Units
13
GRM
6.77
Price/Unit
$138,462
Price/Gross SF
$414.08
Gross SF
4,347

Investment Overview

The property consists of twelve units plus one single family home, for a total of thirteen units. There are two, one-bedroom and one-bathroom units, ten, two-bedroom and one-bathroom units and one single family home that is three-bedrooms and two-bathrooms. 1208 W Ocean View Avenue was built in 1952 and situated on 0.46 ac.

Investment Highlights

  • 12 Units + 1 SFH: A Mix of One-, Two- & Three-Bedrooms
  • Prime Location Near Willoughby Beach, Less Than 300 Feet!
  • Optimal Location to Top Employers: Norfolk Air Station, Little Creek Base, Newport News & Norfolk Naval Shipyard

Exclusively Listed By

Multifamily

1208 W Ocean View Avenue

Listing Price: $1,800,000

Cap Rate
6.70%
Number of Units
13
GRM
6.77
Price/Unit
$138,462
Price/Gross SF
$414.08
Gross SF
4,347

Investment Highlights

  • 12 Units + 1 SFH: A Mix of One-, Two- & Three-Bedrooms
  • Prime Location Near Willoughby Beach, Less Than 300 Feet!
  • Optimal Location to Top Employers: Norfolk Air Station, Little Creek Base, Newport News & Norfolk Naval Shipyard

Investment Overview

The property consists of twelve units plus one single family home, for a total of thirteen units. There are two, one-bedroom and one-bathroom units, ten, two-bedroom and one-bathroom units and one single family home that is three-bedrooms and two-bathrooms. 1208 W Ocean View Avenue was built in 1952 and situated on 0.46 ac.

Exclusively Listed By

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