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Multifamily

1229 W Ocean View Avenue

1229 W Ocean View Ave, Norfolk, VA 23503

Listing Price: $540,000

Cap Rate
2.95%
Number of Units
6
Occupancy
94.0%
Price/Unit
$90,000
Price/Gross SF
$70.06
Gross SF
7,708

Investment Overview

The property consists of 6 units across 1 two story building built in 1952 and situated on 0.1770 acres. There are six (6) one-bedroom one-bathroom units. The units feature matching appliances and central A/C.

Investment Highlights

  • Easy Access to I-64, I 564, Route 60 and Route 13
  • Close proximity to playgrounds, golf courses, volleyball, surfing, kayaking, canoeing, fishing, swimming, and many more.
  • Immediate Organic Rent Growth Opportunity

Exclusively Listed By

Listing Price: $540,000

Cap Rate
2.95%
Number of Units
6
Occupancy
94.0%
Price/Unit
$90,000
Price/Gross SF
$70.06
Gross SF
7,708

Investment Highlights

  • Easy Access to I-64, I 564, Route 60 and Route 13
  • Close proximity to playgrounds, golf courses, volleyball, surfing, kayaking, canoeing, fishing, swimming, and many more.
  • Immediate Organic Rent Growth Opportunity

Investment Overview

The property consists of 6 units across 1 two story building built in 1952 and situated on 0.1770 acres. There are six (6) one-bedroom one-bathroom units. The units feature matching appliances and central A/C.

Exclusively Listed By

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