337 Bute St Norfolk, VA 23510

This exceptional multifamily investment opportunity presents Harbour House, a 12,000-square-foot apartment building situated on a 0.22-acre lot in Norfolk, Virginia's West Freemason Street Area Historic District. Built in 1954 and boasting a desirable 6.58% cap rate, this property offers significant upside potential due to below-market rents. The building comprises twelve units: six two-bedroom, two-bathroom apartments and six one-bedroom, one-bathroom apartments, all featuring in-unit laundry. Convenient onsite parking is available for residents. A complete renovation of all units was completed in 2022, ensuring modern amenities and a high-quality living experience for tenants. The property is entirely keyless entry, enhancing security and convenience. Located within a historically significant district, this building presents a compelling blend of historical charm and modern updates, making it an attractive investment for discerning buyers. The asking price is $3,400,000. This property offers a rare opportunity to acquire a well-maintained, updated multifamily building in a desirable location with immediate potential for increased revenue.