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1 E Plume St
Norfolk, VA 23510
The Albemarle at One East Plume St · Build-to-Rent Property For Sale · 7 Units

INVESTMENT HIGHLIGHTS

  • Day 1 Cash Return
  • Recent Capex: Currently, ownership is investing $187,000 in the property by replacing the elevator system.
  • Attractive Assumable Debt
  • Long Term Commercial Tenant on First Floor

PROPERTY FACTS

No. Units 7
Property Type Build-to-Rent
Property Subtype
Apartment
  • General Retail Shopfront Retail / Residential
Apartment Style Mid-Rise
Costar Property Class B
Total Plot Size 0.05 ac
Property Size 8,400 sq ft
Average Occupancy 100%
No. Floors 3
Year Built 2022
Use Class D-2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Storage Space
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Wooden Floors
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Furnished Flats Available
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
2+2 6 - 650 - 1,000
Studios 1 - 1,248

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21285800
Land Assessment
£117,476
Improvements Assessment
£938,757
Total Assessment
£1,056,233
  • Listing ID: 34523218

  • Date on Market: 17/01/2025

  • Last Updated:

  • Address: 1 E Plume St, Norfolk, VA 23510

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