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Multifamily

Salem Street Portfolio

9631 Salem St, Norfolk, VA 23503

Listing Price: $2,610,000

Cap Rate
6.50%
Number of Units
18
GRM
8.63
Price/Unit
$145,000
Price/Gross SF
$241.67
Gross SF
10,800

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for Salem Street Portfolio located at 9631 & 9635 Salem Street and 963 W Ocean View Avenue in Norfolk, VA.
The property consists of eighteen units. Salem Street Portfolio is all one-bedroom and one-bathroom units. The property was built in 1955 and situated on 2.83 ac.

Investment Highlights

  • Assumable Agency Debt
  • Walking Distance to the Beach: Less Than 0.5 Miles from Willoughby Beach
  • Fully Renovated Units: Interior Units Have Brand New Kitchens, New Flooring Throughout, Fresh Paint & On-Site Washer & Dryer

Exclusively Listed By

Financing By

Multifamily

Salem Street Portfolio

Listing Price: $2,610,000

Cap Rate
6.50%
Number of Units
18
GRM
8.63
Price/Unit
$145,000
Price/Gross SF
$241.67
Gross SF
10,800

Investment Highlights

  • Assumable Agency Debt
  • Walking Distance to the Beach: Less Than 0.5 Miles from Willoughby Beach
  • Fully Renovated Units: Interior Units Have Brand New Kitchens, New Flooring Throughout, Fresh Paint & On-Site Washer & Dryer

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for Salem Street Portfolio located at 9631 & 9635 Salem Street and 963 W Ocean View Avenue in Norfolk, VA. The property consists of eighteen units. Salem Street Portfolio is all one-bedroom and one-bathroom units. The property was built in 1955 and situated on 2.83 ac.

Exclusively Listed By

Financing By

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