719 Dudley Ave - Apartments FOR SALE


Norfolk, VA 23503- Ocean Air
$1,375,000 USD
757-675-5164
719 Dudley Ave, Norfolk, VA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/15
null | 5.57% Cap Rate

719 Dudley Ave
Norfolk, VA 23503
Ocean Air


HIGHLIGHTS

  • Fully occupied multifamily property consisting of ten residential units.
  • Consistent two-bedroom, one-bath unit configuration supports broad renter appeal.
  • Brick construction and efficient floor plans contribute to straightforward property operations.
  • Convenient access to Interstate 64, Naval Station Norfolk, and Joint Expeditionary Base Little Creek-Fort Story.

OVERVIEW

Low maintenance 10 unit apartment building. Rent Roll $135,240. All units 2 bedrooms 1 bathroom. Large living area and 2 large bedrooms. Great Location minutes from the beach, interstates, shopping and bases. Wall unit AC and electric baseboard heating make this a low maintenance property that is easy to maintain. Parking on property as well as street parking available. LVP through out most units, some carpeted bedrooms. Location, Location, Location. This property is being sold as part of an 83 unit portfolio for 11.555 million. The seller will break up this portfolio and sell the properties individually.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

10

PRICE/UNIT

$137,500

CAP RATE

5.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,245 SF

ZONING

R-12

APN/PARCEL ID

15578960

ASK ABOUT THIS PROPERTY

Christian PhillipsInlet Realty and Property ManagementMore Info
757-675-5164

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Christian PhillipsInlet Realty and Property ManagementMore Info
757-675-5164

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