938 W Ocean View Avenue
Norfolk, VA 23503
MLS #10121496

Apartment Building
  • 40units
$2,300,000
Est. P&I payment: $8784.44/mo
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Description for 938 W Ocean View Avenue, Norfolk, VA 23503
Brick 2-Story 40-Unit apartment complex (30 2-bed/1-bath and 10 1-bed/1-bath) located in the Willoughby Beach area of Ocean View. The property is divided into two equally sized buildings that are perpendicular to the Chesapeake Bay with off-street assigned and guest parking in-between the 2 buildings. 2015 Gross rent is $213,000 and the adjusted Net Income is $210,000.
MLS #10121496
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My Notes for MLS #10121496

General Features

  • Status: Active
  • Year Built Approx: 1970
  • Ownership Type: Simple
  • Property Type: Apartments 3+
  • Property Type Cross Prop: Apartments 3+
  • Type of Apartment: Garden
  • Units Total Number: 40
  • Zoning: R-11

Utility Features

  • Utilities: City Sewer,​City Water,​Electric,​Telephone Avail
  • Cooling: Window/Wall
  • Heating: Basebd
  • Water Heater Type: Electric

Financial Features

  • Tax Amount Approx: 23,757

Interior Features

  • Features: Laundry Room,​Waterfront
  • Flooring Type: Carpet,​Vinyl

Exterior Features

  • Construction: Frame
  • Foundation Type: Crawl
  • Exterior Siding: Brick
  • Parking: Off Street
  • Roof: Asphalt Shingle
  • Stories Number: 2

Miscellaneous Features

  • Contingency Exists: Non Contingent
  • Possession: NEGOT
  • Disclosure: Disclosure Statement

Community Features

  • Area: 13 - North Norfolk
  • Complex Name: WILLOW SANDS
  • Neighborhood Name: WILLOUGHBY BEACH
  • Subdivision Name: WILLOUGHBY BEACH
  • Subdivision Number: 246

Schools Features

  • Elementary School: Ocean View Elementary
  • Middle School: Northside Middle School
  • High School School: Granby

Location

 
Street View Not Available
The listing information for 938 W Ocean View Avenue, Norfolk, VA 23503 was graciously provided by our friends at the listing brokerage, Rocket Real Estate Inc

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P&I Payment $8784.44
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Last Updated 08/22/2017 at 2:33pm
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