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Multifamily

1075 W Ocean View Avenue

1075 W Ocean View Ave, Norfolk, VA 23503

Listing Price: $1,350,000

Cap Rate
6.53%
Number of Units
8
GRM
9.22
Price/Unit
$168,750
Price/Gross SF
$256.36
Gross SF
5,266

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 1075 W Ocean View Avenue in Norfolk, VA.

The property consists of eight units total. There are four, one-bedroom and one-bathroom units and four, two-bedroom and one-bathroom units. 1075 W Ocean View Avenue was built in 1955, renovated in 2011 and situated on +/- 0 .23 acres.

Investment Highlights

  • 8 Units: A Mix of One- & Two-Bedroom Units
  • Prime Location: Less Than 200 Yards from Willoughby Beach
  • Fully Renovated Interiors & Exteriors
  • Stabilized Turnkey Asset with Rental Upside

Exclusively Listed By

Financing By

Multifamily

1075 W Ocean View Avenue

Listing Price: $1,350,000

Cap Rate
6.53%
Number of Units
8
GRM
9.22
Price/Unit
$168,750
Price/Gross SF
$256.36
Gross SF
5,266

Investment Highlights

  • 8 Units: A Mix of One- & Two-Bedroom Units
  • Prime Location: Less Than 200 Yards from Willoughby Beach
  • Fully Renovated Interiors & Exteriors
  • Stabilized Turnkey Asset with Rental Upside

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 1075 W Ocean View Avenue in Norfolk, VA. The property consists of eight units total. There are four, one-bedroom and one-bathroom units and four, two-bedroom and one-bathroom units. 1075 W Ocean View Avenue was built in 1955, renovated in 2011 and situated on +/- 0 .23 acres.

Exclusively Listed By

Financing By

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