3475 Azalea Garden Rd - Apartments FOR SALE


Norfolk, VA 23513- Norvella Heights
$2,000,000 USD
757-639-7989
3475 Azalea Garden Rd, Norfolk, VA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

3475 Azalea Garden Rd
Norfolk, VA 23513
Norvella Heights


HIGHLIGHTS

  • 20 Units: All One-Bedroom & One-Bathroom Units
  • Recently Renovated Interiors
  • Optimal Location to Major Employers: Norfolk Air Station, Little Creek Base, Norfolk Naval Shipyard

OVERVIEW

Marcus & Millichap is pleased to present the pricing and financial analysis for Azalea Garden Apartments located at 3475 Azalea Garden Road in Norfolk, VA. The property consists of twenty units total. There are twenty, one-bedroom and one bathroom units. Azalea Garden was built in 1973 and situated on +/- 0 .54 acres.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

20

PRICE/UNIT

$100,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Azalea Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

R-14

APN/PARCEL ID

45020950,45020955

ASK ABOUT THIS PROPERTY

Altay UzunMarcus & MillichapMore Info
757-639-7989

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Altay UzunMarcus & MillichapMore Info
757-639-7989

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.