1000 Gates Avenue
Norfolk,
VA
23507
Property Details
List Price: |
$3,000,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Inlet Realty and Property Management, inc |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1918 |
Notes: |
For sale: a stunning 12-unit, all-brick apartment building in Norfolk's sought-after Ghent neighborhood. This 3-story building includes 3 one-bedroom, 1-bath units; 6 two-bedroom, 1-bath units; and 3 three-bedroom, 2-bath units, generating a total monthly rent of $19,775. The property boasts a 5.68% cap rate and underwent complete renovations in 2018, including new kitchens with granite countertops and high-end cabinetry, new bathrooms, and new electrical and plumbing systems. Each unit features a washer/dryer and mini-split HVAC systems, with tenants paying all utilities. The freshly sealed roof ensures low maintenance. Conveniently located near EVMS and multiple military bases, this fully occupied property is one of the best in Ghent. Don't miss this exceptional investment opportunity! |
MlsNumber: |
10534213 |
Estimate Your Monthly Payment
Listing Provided By: |
Inlet Realty and Property Management, inc, original listing |
Name: |
Inlet Realty and Property Management, inc |
Phone: |
(757) 675-5164 |
Office Name: |
Inlet Realty |
Office Phone: |
(757) 276-3330 |
Agent Name: |
Christian Phillips |
Disclaimer: |
Copyright © 2024 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |