Multifamily Property for Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Norfolk, VA 23503

Description

Marcus & Millichap is pleased to present the offering memorandum for 9324 1st View Street located in Norfolk, VA. The property consists of eighteen units, all one-bedroom and one-bathroom. 9324 1st View Street was built in 1978 and situated on 0.40 acres. Investment Highlights: • 18 Units: All One-Bedroom & One-Bathroom • Prime Location: Within 1 Miles of Ocean View Beach • Operational Value-Add Opportunity • Day 1 Positive Cash Flow & Positive Leverage

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 8.6% 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 Norfolk, VA — <a href="/search/sale/multifamily/virginia/norfolk">view the full market</a>.

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