2500 Leo St
Norfolk, VA 23504
Lindenwood
HIGHLIGHTS
- The property consists of 24 apartment units with a consistent two-bedroom, one-bath floor plan configuration.
- Centralized ownership of all units within a single location supports operational and management efficiencies.
- Convenient access to Interstate 264 enhances connectivity throughout Norfolk and the Hampton Roads region.
- The asset is located near major employment drivers including defense, maritime, healthcare, and educational institutions.
- Established multifamily use provides a foundation for future capital improvement and asset management initiatives.
- Residents benefit from proximity to downtown Norfolk, neighborhood services, and regional transportation corridors.
OVERVIEW
Attention Investors! 19 out of 24 units are tenant occupied. The 15 units not reflected on data input have identical specs to the listed units. No showings without a ratified contract. Please make offer contingent upon seeing inside of units. Please do not disturb the tenants under any circumstances. Current total monthly rent on this building is $21,225.00.
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$247 USD /SF
# OF UNITS
24
PRICE/UNIT
$104,167
CAP RATE
7.1%
% LEASED
83%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
2500 Leo Street Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1969
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.93 AC
LAND SF
40,511 SF
ZONING
SF-T
APN/PARCEL ID
23911700
ASK ABOUT THIS PROPERTY
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757-675-5164
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757-675-5164
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