Multifamily

The Grand at West Ghent

1000 Westover Ave, Norfolk, VA 23507

Listing Price: Request For Offer

Number of Units
18
Gross SF
18,060

Investment Overview

The Marcus & Millichap Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive Offering Memorandum for a 18-unit apartment property located in the historic Ghent neighborhood of Norfolk, VA. The Grand at West Ghent consist of 18 units across one three-story building built in 1914 and situated on 0.32 acres. There are six (6) 700 sqft one-bedroom one-bathroom units, six (6) 1,060 sqft two-bedroom one-bathroom units, and six (6) 1,250 sqft three-bedroom one-bathroom units. The units feature newly renovated kitchens, refurbished hardwood floors, 9 foot ceilings, large balconies, and an on site laundry facility. The property’s prime location enjoys the benefits of not only Hampton Roads liveliest metro, but also the most prominent arts and culture district in the entire MSA. The Grand at West Ghent also provide quick access to Downtown Norfolk and Norfolk’s Waterside District. The Hampton Roads economy is heavily diverse home to the fastest growing port on the East Coast, two Fortune 500 companies, low business costs, global access, and a robust talent pipeline. Hampton Roads is well known for its ports, shipyards, maritime related industries, aerospace, food and beverage processing, and is home to every branch of the U.S. Armed Forces. Hampton Roads seven universities and three community colleges graduate +/- 17,000 students annually, consistently supplying a highly skilled workforce. Sentara Norfolk General Hospital’s new $200 million expansion increases the emergency department, modernizes eighteen operating rooms, and adds two helicopter pads. The Sentara Norfolk General Hospital is home to the Sentara Neuroscience Institute, Special Care Nursery, CyberKnife Radiosurgery System, and the Sentara Cancer Network.

Investment Highlights

  • 18 Units: Mix of One, Two, and Three Bed Units
  • Two Blocks from Sentara Norfolk General Hospital / Eastern Virginia Medical School
  • Walking Distance to Numerous Restaurants and Retail Amenities; 85 Walk Score
  • Superb Demographics; 92% of Residents in Ghent Hold a College Degree
  • Newly Renovated Kitchens, Refurbished Hardwood Floors, 9 Foot Ceilings, and Large Balconies
  • On-Site Laundry Facility

Exclusively Listed By

Multifamily

The Grand at West Ghent

Listing Price: Request For Offer

Number of Units
18
Gross SF
18,060

Investment Highlights

  • 18 Units: Mix of One, Two, and Three Bed Units
  • Two Blocks from Sentara Norfolk General Hospital / Eastern Virginia Medical School
  • Walking Distance to Numerous Restaurants and Retail Amenities; 85 Walk Score
  • Superb Demographics; 92% of Residents in Ghent Hold a College Degree
  • Newly Renovated Kitchens, Refurbished Hardwood Floors, 9 Foot Ceilings, and Large Balconies
  • On-Site Laundry Facility

Investment Overview

The Marcus & Millichap Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive Offering Memorandum for a 18-unit apartment property located in the historic Ghent neighborhood of Norfolk, VA. The Grand at West Ghent consist of 18 units across one three-story building built in 1914 and situated on 0.32 acres. There are six (6) 700 sqft one-bedroom one-bathroom units, six (6) 1,060 sqft two-bedroom one-bathroom units, and six (6) 1,250 sqft three-bedroom one-bathroom units. The units feature newly renovated kitchens, refurbished hardwood floors, 9 foot ceilings, large balconies, and an on site laundry facility. The property’s prime location enjoys the benefits of not only Hampton Roads liveliest metro, but also the most prominent arts and culture district in the entire MSA. The Grand at West Ghent also provide quick access to Downtown Norfolk and Norfolk’s Waterside District. The Hampton Roads economy is heavily diverse home to the fastest growing port on the East Coast, two Fortune 500 companies, low business costs, global access, and a robust talent pipeline. Hampton Roads is well known for its ports, shipyards, maritime related industries, aerospace, food and beverage processing, and is home to every branch of the U.S. Armed Forces. Hampton Roads seven universities and three community colleges graduate +/- 17,000 students annually, consistently supplying a highly skilled workforce. Sentara Norfolk General Hospital’s new $200 million expansion increases the emergency department, modernizes eighteen operating rooms, and adds two helicopter pads. The Sentara Norfolk General Hospital is home to the Sentara Neuroscience Institute, Special Care Nursery, CyberKnife Radiosurgery System, and the Sentara Cancer Network.

Exclusively Listed By

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