6 UNIT APARTMENT BUILDING | 6249 Alexander St
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6 UNIT APARTMENT BUILDING 6249 Alexander St
6 Unit Block of Flats £489,105 (£81,517/Unit) 6.91% Net Initial Yield Norfolk, VA 23513
EXECUTIVE SUMMARY
Attention Investors! Come and see this one first! This Norfolk 6-plex is currently fully occupied and we have done a ton of work over the last few years. A new roof, new window A/C units, baseboard heaters, fresh exterior paint, multiple units have been remodeled (pictures reflect the remodeled units), and much more. Lots of potential here for investors!
PROPERTY FACTS
| Price | £489,105 | Building Class | B |
| Price Per Unit | £81,517 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,672 SF |
| Net Initial Yield | 6.91% | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Apartment Style | Low Rise |
| Price | £489,105 |
| Price Per Unit | £81,517 |
| Sale Type | Investment |
| Net Initial Yield | 6.91% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 4,672 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 1.28/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 817 |
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PROPERTY TAXES
| Parcel Number | 08195100 | Improvements Assessment | £318,276 |
| Land Assessment | £66,964 | Total Assessment | £385,239 |
PROPERTY TAXES
Parcel Number
08195100
Land Assessment
£66,964
Improvements Assessment
£318,276
Total Assessment
£385,239
ZONING
| Zoning Code | R-13 |
| R-13 |
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Presented by
Inlet Realty and Property Management
6 UNIT APARTMENT BUILDING | 6249 Alexander St
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