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 Salem Street Portfolio located at 9631 & 9635 Salem Street and 963 W Ocean View Avenue in Norfolk, VA. The property consists of eighteen units. Salem Street Portfolio is all one-bedroom and one-bathroom units. The property was built in 1955 and situated on 2.83 ac. Investment Highlights: • Assumable Agency Debt • Walking Distance to the Beach: Less Than 0.5 Miles from Willoughby Beach • Fully Renovated Units: Interior Units Have Brand New Kitchens, New Flooring Throughout, Fresh Paint & On-Site Washer & Dryer

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 6.3% 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 Norfolk, VA — <a href="/search/sale/multifamily/virginia/norfolk">view the full market</a>.

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