625 West Princess Anne Road | 625 W Princess Anne Rd
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625 West Princess Anne Road 625 W Princess Anne Rd
8 Unit Block of Flats £1,584,158 (£198,020/Unit) 6.09% Net Initial Yield Norfolk, VA 23517
Executive Summary
Fully occupied brick 8 unit building. This building has had multiple units fully renovated, and has a couple others in good condition that could be value added if desired. Hardwood in almost all areas, newer kitchens, granite countertops, stainless appliances, and washer/dryer hookups in each unit. Private parking in the rear of the building. Great investment opportunity in Ghent.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | £1,584,158 | Apartment Style | Mid Rise |
| Price Per Unit | £198,020 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Net Initial Yield | 6.09% | Building Size | 14,680 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 1908 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Price | £1,584,158 |
| Price Per Unit | £198,020 |
| Sale Type | Investment |
| Net Initial Yield | 6.09% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 14,680 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1908 |
| Parking Ratio | 0.54/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Granite Countertops
- Wooden Floors
- High Speed Internet Access
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 8 | - | 1,600 |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 17369900 | Total Assessment | £858,614 |
| Land Assessment | £169,663 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £688,950 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17369900
Land Assessment
£169,663
Improvements Assessment
£688,950
Total Assessment
£858,614
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | HCG2 |
| HCG2 |
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625 West Princess Anne Road | 625 W Princess Anne Rd
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