Multifamily Property for Sale in Newport News, VA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Newport News, VA 23601
Description
Marcus & Millichap is pleased to present the offering memorandum for 10710 & 10714 Jefferson Avenue and 500 Powellville Lane New-port News, VA 23061. The portfolio consists of seventeen units total. There are two, studio units, thirteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units. 10710 Jefferson Avenue was built in 1960 and situated on 0.32 ac. Investment Highlights: • Favorable Unit Mix: Studio, One- & Two-Bedroom • Fully Renovated Units • Turnkey Property • Centralized Location: Minutes from Newport News Shipyard, Christopher Newport University, HRBT & I-64
Market Context
This multifamily in Newport News, VA is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 53 days. Compare it against other multifamily listings for sale in Newport News, VA — <a href="/search/sale/multifamily/virginia/newport-news">view the full market</a>.
Contact
- Altay Uzun · (202) 536-3719 · altay.uzun@marcusmillichap.com
- Justin Ferguson · (804) 802-6923 · justin.ferguson@marcusmillichap.com
- Jack Carroll · (804) 802-6883 · jack.carroll@marcusmillichap.com
- Myles Lee · (757) 275-0952 · myles.lee@marcusmillichap.com
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