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Multifamily

1509 Halstead Ave & 5010 E Princess Anne Rd

1509 Halstead Ave, Norfolk, VA 23502

Listing Price: $1,420,000

Cap Rate
7.25%
Number of Units
19
Price/Unit
$74,737
Price/Gross SF
$110.94
Gross SF
12,800

Investment Overview

The Marcus & Millichap Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive Offering Memorandum for 1509 Halstead Avenue and 5010 E Princess Anne Road located in Norfolk, VA. 1509 Halstead Avenue consists of four (4) one-bedroom one-bathroom units in one two-story building constructed in 1975 and situated on 0.124 acres. 5010 E Princess Anne Road consists of eight (8) one-bedroom one-bathroom units and seven (7) commercial units in one two-story building constructed in 1932 and situated on 0.36 acres. The portfolio’s central location affords residents easy access to Hampton Roads’ top employers. 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.

Investment Highlights

  • 12 One-Bedroom One-Bathroom Units and 7 Commercial Units
  • Easy access to I-64, I-264, I-564, and Route 58
  • 1.0 Miles from Norfolk Industrial Park
  • 1.7 Miles from IKEA & Simon Norfolk Premium Outlets
  • 3.0 Miles from Norfolk International Airport

Exclusively Listed By

Multifamily

1509 Halstead Ave & 5010 E Princess Anne Rd

Listing Price: $1,420,000

Cap Rate
7.25%
Number of Units
19
Price/Unit
$74,737
Price/Gross SF
$110.94
Gross SF
12,800

Investment Highlights

  • 12 One-Bedroom One-Bathroom Units and 7 Commercial Units
  • Easy access to I-64, I-264, I-564, and Route 58
  • 1.0 Miles from Norfolk Industrial Park
  • 1.7 Miles from IKEA & Simon Norfolk Premium Outlets
  • 3.0 Miles from Norfolk International Airport

Investment Overview

The Marcus & Millichap Mid-Atlantic Multifamily Advisory Group is pleased to present the exclusive Offering Memorandum for 1509 Halstead Avenue and 5010 E Princess Anne Road located in Norfolk, VA. 1509 Halstead Avenue consists of four (4) one-bedroom one-bathroom units in one two-story building constructed in 1975 and situated on 0.124 acres. 5010 E Princess Anne Road consists of eight (8) one-bedroom one-bathroom units and seven (7) commercial units in one two-story building constructed in 1932 and situated on 0.36 acres. The portfolio’s central location affords residents easy access to Hampton Roads’ top employers. 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.

Exclusively Listed By

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