516 Dinwiddie St - Apartments FOR SALE
Norfolk, VA 23523 |
516 Dinwiddie St
Norfolk, VA 23523
HIGHLIGHTS
- 516-522 Dinwiddie Street is a fully occupied, 12-unit complex offering one-bedroom, one-bath units at 675, 825, and 850 square feet.
- Tenants pay for all utilities, enabling great cash flow – currently boasting an impressive 9.31% cap rate and 7.82 Gross Rent Multiplier.
- Property is nestled within Norfolk’s Opportunity Zone and ideally located in the proximity of 2 shipyards, presenting strong renter demand.
- The complex is professionally managed and is offered to the market with low deferred maintenance.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9536
STORIES
3
YEAR BUILT
1912
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
18707400
