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516-522 Dinwiddie St Norfolk, VA 23523

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For Sale
$925,000

12-unit brick apartment building with value-add potential in Norfolk.

Property size:
9,536 SF

Property Features for 516-522 Dinwiddie St

General Information

Size
9,536 SF

Building Details

Year built
1912

Source: Leo Sutton Agent Leo Sutton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Brick Apartment Building Value-Add Opportunity

This 3-story brick apartment building features 12 large 1-bedroom apartments and a full basement, presenting a value-add opportunity. The property is being offered As-Is. Located in the heart of the Hampton Roads region, DINWIDDIE PLACE APARTMENTS offer a prime investment opportunity for prospective Multifamily/Low-Rise/Garden investors. The area boasts proximity to key attractions like Norfolk Naval Shipyard, BAE Systems Norfolk Ship Repair, Colonna’s Shipyard, Virginia Zoo, and Ocean View Beach Park, making it an appealing location for potential Tenants. With its convenient access to major transportation routes, including Interstates I464 and I264, and vibrant local amenities, the area presents an exciting prospect for those looking to invest in the thriving Norfolk, VA market. The tenants are responsible for all of their separately metered utilities, while the landlord covers common area lighting. The property is professionally managed and offers easy access to shipyards and downtown Norfolk. The building has a total size of 9,536 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Norfolk
County
Norfolk
State
Virginia
Longitude
-76.2817903
Latitude
36.8331747

FAQs

What type of property is this?
Apartment building - 12-unit brick apartment building with value-add potential in Norfolk.
Where is this apartment building located?
The property is located at 516-522 Dinwiddie St Norfolk, VA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: - Value-add opportunity in a desirable location within the Hampton Roads region.; - 12-unit brick apartment building with large 1-bedroom apartments.; - Tenants pay all utilities (separately metered), reducing landlord expenses.
More about this property
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