Kennedy Drive Apartments
$1,500,000
19 Kennedy Drive, Portsmouth, VA 23702
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 04/23/2025
14,538 sqft
Building Size
5.943 acres
Lot Area
Details:
Building Size: 14,538 sqft
Lot Area: 5.943 acres
Units: 20
Year Built: 1965
Highlights:
- Value-Add opportunity
- Occupancy: 68%
- Long-term tenants
- Each unit is equipped with electric range, oven and refrigerator
- HVAC: Window Units
- Located midway between Chesapeake and Downtown Norfolk
- Proximity to major employers including Norfolk Naval Shipyard, BAE Systems, Bon Secours Medical Center and others
Description:
This waterfront multifamily property sits on approximately 5.9 acres overlooking Paradise Creek in the Cradock Historic District of Portsmouth, Virginia. With significantly below-market rents, Kennedy Drive Apartments presents a value-add opportunity with immediate upside. Family owned and operated since constructed.
Situated on the water overlooking Paradise Creek in Portsmouth, Virginia.
Documents:
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| Kennedy_Drive_-_OM__Public_.pdf |
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Location
Gallery
