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1119 Hugo St
Norfolk, VA 23513
The Hugo Flats · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,120 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1984/2012 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | MF-NS - Multi Family - Neighborhood Scale | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,120 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2012 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | MF-NS - Multi Family - Neighborhood Scale |
AMENITIES
UNIT AMENITIES
- Heating
- Oven
- Carpet
- Dining Room
- Family Room
- Lawn
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Trash Pickup - Curbside
ABOUT 1119 HUGO ST , NORFOLK, VA 23513
Well maintained brick 8 plex with 2 bedrooms per unit. Courtyard setting in front. Low maintenance with brick exterior and built on a slab and AC Wall units and baseboard heat in each unit. Roof/windows newer. Quiet little part of Norfolk Gardens neighborhood in between residential area and next to Mason Post No.113 and Norview Methodist church. Always full. Separate water and electric meters. Owner only pays house lights and trash. Market Rent avg is $825-850/unit. Priced to sell. Use 1031 exchange to grow your portfolio. Notes : There are 2 empty laundry rooms (brown doors), but if you add stackable washer dryers, you can then charge extra rent or make them coin operated, or you can add laundry in each unit. Also current leases have landlord paying water. Water meters are now split, so tenants can pay instead, as each leases renew. Serious offers only. Have bank approval info or proof of funds with any offers. All deferred maintenance repaired from recent inspection.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $825.00 | 765 |
PROPERTY TAXES
| Parcel Number | 40683800 | Improvements Assessment | $604,400 |
| Land Assessment | $56,700 | Total Assessment | $661,100 |
PROPERTY TAXES
