Ocean View Apt | 71 Unit Apartment Portfolio
$4,943,900
9634 1st Bay St., Norfolk, VA 23518
For Sale
Multifamily
Active
Last Updated: 05/27/2021
7.28
Cap Rate
360,130
NOI
Details:
Cap Rate: 7.28%
NOI: $360,130
Cash-on-Cash: 7.28%
Occupancy: 95%
Units: 71
GRM: 7.82
Price Per Sqft: $94.19
Price Per Unit: $69,632
Description:
● 71 Unit Apartment Portfolio - Great Investment
● Excellent Redevelopment Potential
● 95% Occupied - Multiple Properties
● Mostly Brick Construction
Documents:
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Offering Memorandum
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Location
Gallery
