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Multifamily

2811-2815 Colonial Avenue & 509 W 29th Street

2811 Colonial Ave, Norfolk, VA 23508

Listing Price: $2,200,000

Cap Rate
5.07%
Number of Units
11
GRM
9.31
Price/Unit
$200,000
Price/Gross SF
$112.56
Gross SF
19,545

Investment Overview

Marcus & Millichap is pleased to offering memorandum for 2811-2815 Colonial Avenue & 509 w 29th Street located in Norfolk, VA.

The property consists of eleven units, a SFH and a retail space. There are eight, one-bedroom & one-bathroom units, three two-bedroom & one-bathroom units and a retail space.. 2811-2815 Colonial Avenue & 509 W 29th Street were built in 1910 and 1981 and situated on 0.86 ac.

Investment Highlights

  • 11 Units + SFH + Retail: A mix of one- & two-bedroom units
  • TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street
  • easy access to numerous employment centers Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall

Exclusively Listed By

Multifamily

2811-2815 Colonial Avenue & 509 W 29th Street

Listing Price: $2,200,000

Cap Rate
5.07%
Number of Units
11
GRM
9.31
Price/Unit
$200,000
Price/Gross SF
$112.56
Gross SF
19,545

Investment Highlights

  • 11 Units + SFH + Retail: A mix of one- & two-bedroom units
  • TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street
  • easy access to numerous employment centers Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall

Investment Overview

Marcus & Millichap is pleased to offering memorandum for 2811-2815 Colonial Avenue & 509 w 29th Street located in Norfolk, VA. The property consists of eleven units, a SFH and a retail space. There are eight, one-bedroom & one-bathroom units, three two-bedroom & one-bathroom units and a retail space.. 2811-2815 Colonial Avenue & 509 W 29th Street were built in 1910 and 1981 and situated on 0.86 ac.

Exclusively Listed By

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