Property summary
This exceptional investment opportunity presents a charming two-story, four-unit apartment building situated in the desirable Ocean View neighborhood of Norfolk, Virginia. Built in 1925, this property boasts 3,600 square feet on an 11,006 square foot lot and is zoned C-2. The building currently enjoys 75% occupancy, with three units generating rental income. Unit A, a beautifully remodeled unit featuring new electric heat pumps, granite countertops, ceramic tile, stainless steel appliances, and original hardwood floors, is currently vacant and ready for immediate occupancy by an owner, tenant, or as a potential Airbnb rental. Unit B commands a monthly rent of $1250, while Unit C also rents for $1250 per month. Unit D, recently renovated, generates a monthly rental income of $1500. The property's address is 9611 3rd View St, Norfolk, VA 23503, and is offered at an asking price of $675,000. This is a fantastic opportunity to acquire a well-located multifamily property with strong rental potential in a vibrant coastal community. The property features simple ownership and presents a solid return on investment. The APN is 38301700.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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