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8-Unit Multifamily

3 Residential Properties Offered at £637,697 in Norfolk, VA

Executive Summary

This 8-unit multi-family portfolio, comprising two duplexes and one quadplex, represents a compelling investment opportunity. With stable income, convenient locations, and significant value-add potential, it combines low vacancy rates, convenient amentiies, and appreciation potential. Norfolk is situated in the heart of a region with over 1.8 million people and serves a large community of active duty personnel and retirees. It is home to the Navy's largest concentration of naval forces. The presence of military personnel and related trades ensures a consistent demand for rental properties.

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Brochure

Property Facts

Price £637,697 Number of Properties 3
Price / SF £32.69 / SF Individually For Sale 0
Sale Type Investment Total Building Size 19,507 SF
Status Active Total Land Area 0.44 AC
Price £637,697
Price / SF £32.69 / SF
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 19,507 SF
Total Land Area 0.44 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2400 Ballentine Blvd, Norfolk, VA 23509 Residential 5,126 SF 1940 -
3218 Flanders Ave, Norfolk, VA 23509 Residential 8,364 SF 1986 -
3224 Flanders Ave, Norfolk, VA 23509 Residential 6,017 SF 1941 -
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(757) 627-8611

Contacts

  • Listing ID: 32931128

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 8-Unit Multifamily, Norfolk, VA

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8-Unit Multifamily
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8-Unit Multifamily

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Martin Murden

(757) 627-8611

(757) 627-8611

Pierce Jacobson

(757) 452-6141

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(757) 452-6141 xdir

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