810 W Ocean View Avenue
Norfolk, VA 23503
MLS #10123571

Apartment Building
  • 14units
$1,299,000
Est. P&I payment: $4961.3/mo
810 W Ocean View Avenue, Norfolk, VA 23503
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Description for 810 W Ocean View Avenue, Norfolk, VA 23503
Bay front 12 unit Brick Apartment Building and Duplex that faces the beach. Currently the Duplex is fully occupied with only 1 vacancy in the 12 unit apartment building. The property has a positive cashflow with a cap rate of over 8.5%. Gross Rent for 2016 $151,600 with an adjusted Net Income of $111,000.
MLS #10123571
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My Notes for MLS #10123571

General Features

  • Status: Active
  • Year Built Approx: 2000
  • Ownership Type: Simple
  • Property Type: Apartments 3+
  • Property Type Cross Prop: Apartments 3+
  • Type of Apartment: Other
  • Units Total Number: 14
  • Zoning: R-12

Utility Features

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

Financial Features

  • Tax Amount Approx: 14,000

Interior Features

  • Features: Other,​Priv Beach,​Waterfront
  • Flooring Type: Carpet

Exterior Features

  • Construction: Frame
  • Foundation Type: Other
  • Exterior Siding: Brick,​Vinyl
  • Garage YN: 1
  • Parking: Garage Att 2 Car,​Off Street
  • Roof: Metal
  • Stories Number: 2

Miscellaneous Features

  • Contingency Exists: Contingent
  • Contingencies: Home/EIFS Insp. Con.
  • Possession: NEGOT
  • Disclosure: None

Community Features

  • Area: 13 - North Norfolk
  • 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

 
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The listing information for 810 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 $4961.3
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Last Updated 10/21/2017 at 2:29am
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