4-Unit Gloucester Resi/Multifamily Multi-Family FOR SALE


Gloucester Point, VA
$965,000 USD
757-503-6300
, Gloucester Point, VA for Sale
$965,000 USD
Multi-Family - FOR SALE
1/4
null | 5% Cap Rate

4-Unit Gloucester Resi/Multifamily
Gloucester Point, VA


HIGHLIGHTS

  • Prime investment opportunity in Gloucester County.
  • No more tolls on the Coleman Bridge has fueled tremendous growth.
  • 5% ROI based on in-place rents at 75% occupancy.
  • Instant value-add creation through leasing the vacant unit.
  • Properties are being sold “as is, where is”.

OVERVIEW

Investment Portfolio – Three Income-Producing Properties This offering consists of three properties being sold together as a single portfolio: 7557 Bellehaven Road (Tax ID: 051U-1-F) 7693 Spottswood Road (Tax ID: 051A-7-I-10) 1500 Lafayette Road, Units A & B (Tax ID: 051A-7-I-11) The portfolio includes a ranch-style townhouse, a single-family detached residence with a storage shed, and a duplex. These properties have been operated as rental investments for many years and offer investors an opportunity to acquire an established income-producing portfolio with an approximate 5% ROI based on existing lease agreements. The portfolio is being sold AS IS, WHERE IS. Three of the four rental units are currently tenant-occupied, and tenants are not to be disturbed. One side of the duplex is vacant. A due diligence package will be made available upon execution of a Confidentiality Agreement. The seller will not accept financing or appraisal contingencies, and owner financing is not available. This offering is best suited for cash buyers seeking a stabilized residential rental portfolio with immediate income potential.

ASK ABOUT THIS PROPERTY

Zach BrussColdwell Banker Commercial Brooks Real EstateMore Info
757-503-6300

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Zach BrussColdwell Banker Commercial Brooks Real EstateMore Info
757-503-6300

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