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Multifamily

1226 Little Bay Ave

1226 Little Bay Ave, Norfolk, VA 23503

Listing Price: $1,650,000

Cap Rate
5.66%
Number of Units
10
Occupancy
92.4%
Price/Unit
$165,000
Price/Gross SF
$107.43
Gross SF
15,359

Investment Overview

The property features ten (10) two-bedroom one-bathroom units in one two-story building built in 1964 and situated on 0.3526 acres. The tenants pay their electricity utility and the owner covers the water, sewer, and trash utilities

Investment Highlights

  • 5.0 Miles to Norfolk Naval Station
  • Prime Location near the water
  • Positive Rent Growth Forecasts

Exclusively Listed By

Listing Price: $1,650,000

Cap Rate
5.66%
Number of Units
10
Occupancy
92.4%
Price/Unit
$165,000
Price/Gross SF
$107.43
Gross SF
15,359

Investment Highlights

  • 5.0 Miles to Norfolk Naval Station
  • Prime Location near the water
  • Positive Rent Growth Forecasts

Investment Overview

The property features ten (10) two-bedroom one-bathroom units in one two-story building built in 1964 and situated on 0.3526 acres. The tenants pay their electricity utility and the owner covers the water, sewer, and trash utilities

Exclusively Listed By

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