Dinwiddie Place Apartments

516 Dinwiddie Street, Norfolk, VA

$995,000

Price

8.18%

Cap Rate

8.87%

Pro Forma Cap Rate

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Street
Map
Overview
Cap Rate
8.18%
Pro Forma Cap Rate
8.87%
NOI
$81,359.65
Building Size
9,536 sqft
Lot Area
7,792 sqft
Occupancy
100%
Class
C
Units
12
Average Room Size
795 sqft
Year Built
1912
Price Per Unit
$82,916.67
Zoning
R-8
Floors
3
Year Last Renovated
2018
Construction Status
Brick
Roof
Rubber Membrane and 30yr Architectural Shingles
Restrooms
12
Investment Strategy
Value Add
Description

A Beautiful 3 Story, 12 Unit, Brick Building, with full basement.


The property is being offered As-Is.

Highlights
  • The Tenants pay for all of their Utilities (separately metered). Landlord pays for common area lighting.
  • Professionally Managed.
  • Easy access to I264, Downtown Norfolk, Downtown Portsmouth, and Naval Bases.
  • Walking distance to local Shipyards.
Documents
Title
P_L_-_Dinwiddie_Place_Apartments_-_v4.241.pdf
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Location
Gallery