Skip to main content

Multifamily

Woodrow Court Apartments

230 E 40th St, Norfolk, VA 23504

Listing Price: $2,800,000

Cap Rate
6.10%
Number of Units
16
Occupancy
92.1%
Price/Unit
$175,000
Price/Gross SF
$123.24
Gross SF
22,720

Investment Overview

The property consists of sixteen (16) two-bedroom one-bathroom units in one four story building built in 1918 and situated on a cumulative 0.329 acres. The property’s central location affords residents easy access to Hampton Roads’ top employers.

Investment Highlights

  • Easy Access to I-64, I-264 and Granby Street Located Near HRT Bus Line
  • Immediate Organic Rent Growth Opportunity Prime Candidate for Interior Upgrade Initiative
  • Prime Candidate for Interior Upgrade Initiative

Exclusively Listed By

Multifamily

Woodrow Court Apartments

Listing Price: $2,800,000

Cap Rate
6.10%
Number of Units
16
Occupancy
92.1%
Price/Unit
$175,000
Price/Gross SF
$123.24
Gross SF
22,720

Investment Highlights

  • Easy Access to I-64, I-264 and Granby Street Located Near HRT Bus Line
  • Immediate Organic Rent Growth Opportunity Prime Candidate for Interior Upgrade Initiative
  • Prime Candidate for Interior Upgrade Initiative

Investment Overview

The property consists of sixteen (16) two-bedroom one-bathroom units in one four story building built in 1918 and situated on a cumulative 0.329 acres. The property’s central location affords residents easy access to Hampton Roads’ top employers.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower