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111 E Kelly Ave
Hampton, VA 23663
The Kelly Avenue Flats · Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.57 AC |
| Property Type | Multifamily | Building Size | 6,555 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1952 |
| Building Class | C | Parking Ratio | 0.13/1,000 SF |
| Zoning | 6 R-11 One | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 6,555 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 0.13/1,000 SF |
| Zoning | 6 R-11 One |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Tile Floors
- Carpet
- Yard
- Window Coverings
SITE AMENITIES
- Waterfront
ABOUT 111 E KELLY AVE , HAMPTON, VA 23663
Marcus & Millichap is pleased to present the exclusive offering memorandum for The Kelly Avenue Flats located in the Phoebus neighborhood of Hampton, VA. The Kelly Avenue Flats can be accessed by Interstate 64, known as Hampton Roads Beltway and accessible 1.1 miles from the subject property, providing intra-city access to the primary commercial and employment drivers of the area including the US Department of Defense, Sentara Healthcare Centers, Old Dominion University, BAE Systems, Norfolk State University, ADP, Norfolk Naval Shipyard, Hampton University, Huntington Ingalls Shipbuilding, Ferguson Enterprises, Canon, NASA Langley Research Center, and more. Hampton’s central location, ample waterfront property and economic developments make it an ideal location for residents of various ages. The Kelly Avenue Flats Offering provides an investor the opportunity to acquire a market rate asset with upside potential. The offering contains ten (10) 800 sf two bedroom - one bathroom units in five buildings built in 1952 and situated on 0.59 acres. Five of the units include utilities in their rent and five units pay all utilities separate from their rent. The units feature off street parking, tile flooring in kitchen and bathroom, central HVAC and spacious walk in closets.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $863.00 | 800 |
PROPERTY TAXES
| Parcel Number | 12002517 | Improvements Assessment | $770,100 |
| Land Assessment | $150,000 | Total Assessment | $920,100 |
PROPERTY TAXES
