516 Dinwiddie Street offers a 12-unit apartment complex, fully occupied with strong cash flow for a savvy real estate investment opportunity. The property has a solid rental income of $124,620 annually and a $76,434 projected NOI. The building spans 9,536 square feet across three stories. There are four one-bedroom, one-bath units at 675 square feet, four more at 825 square feet, and the largest unit offered at 850 square feet. The residents cover all utilities, such as water, trash, electricity, and gas. Very minimal maintenance is needed on the property, and it is professionally managed, limiting the time and effort commitments needed by a new owner. 516 Dinwiddie Street is in proximity of two shipyards with its strategic Norfolk location, easily catering to strong renter demand in the area. The property is a fixture of the area, seen by more than 12,000 vehicles passing on Berkley Avenue each day. Within 3 miles live more than 109,000 residents, including 61% who currently rent their homes. This large pool of potential residents contributed more than $172 million in household segment spending during 2024.