7303 River Road
Newport News, VA 23607
MLS #10120784

Apartment Building
  • 16units
$1,690,000
Est. P&I payment: $6454.65/mo
7303 River Road, Newport News, VA 23607
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Description for 7303 River Road, Newport News, VA 23607
Incredible opportunity to own apartment complex on amazing waterfront property. Complex has a private beach and there is the possibility of installing a dock or boat slip. Community has 16 total units, each with their own garage. many of the units have incredible waterfront vies with spacious sunrooms/bedrooms/living rooms facing the water. Each unit has its own central air system. Property is currently a cooperative community and would need to have cooperative dissolved to use as apartments. Shareholders of the cooperative must be given a 30 day period to review all offers before any acceptance/rejection/counter can be made. Sale requires more than 2/3rd shareholder approval to accept any offers. Property shall be sold subject to all existing tenancies and current shareholders that desire to remain occupants as tenants shall be given the opportunity to apply with new ownership, as tenants, if the new ownership intended use is as apartment complex.
MLS #10120784
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My Notes for MLS #10120784

General Features

  • Status: Active
  • Year Built Approx: 1959
  • Ownership Type: Co-Op
  • Property Type: Apartments 3+
  • Property Type Cross Prop: Apartments 3+
  • Type of Apartment: Other
  • Units Total Number: 16
  • Zoning: R8

Utility Features

  • Utilities: City Sewer,​City Water,​Electric,​Gas
  • Cooling: Central Air
  • Heating: Hot Water,​Nat Gas,​Radiator
  • Water Heater Type: Gas

Financial Features

  • Tax Amount Approx: 20,633

Interior Features

  • Features: Priv Beach,​Waterfront,​Waterview
  • Flooring Type: Carpet,​Ceramic,​Wood

Exterior Features

  • Construction: Frame
  • Foundation Type: Crawl
  • Exterior Siding: Brick
  • Garage YN: 1
  • Parking: Garage Det 3+ Car,​Off Street
  • Roof: Asphalt Shingle
  • Stories Number: 2

Miscellaneous Features

  • Contingency Exists: Non Contingent
  • Possession: SETTLE
  • Disclosure: Board Approval,​Call for Others,​Disclosure Statement,​Pet on Premises,​Resale Certif Req

Community Features

  • Area: 106 - Newport News South
  • Complex Name: BRIDGE VIEW MAN
  • Neighborhood Name: BRIDGE VIEW MANOR
  • Subdivision Name: ALL OTHERS AREA 106
  • Subdivision Number: 991

Schools Features

  • Elementary School: Carver Elementary
  • Middle School: Huntington Middle
  • High School School: Heritage

Location

 
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The listing information for 7303 River Road, Newport News, VA 23607 was graciously provided by our friends at the listing brokerage, Chantel Ray Real Estate Inc.

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P&I Payment $6454.65
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Last Updated 08/23/2017 at 7:37am
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