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1217-1223 Colonial Ave
Norfolk, VA 23517
Colonial Lofts · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 23,035 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1918 |
| Building Class | C | Cross Streets | Princess Anne Rd |
| Zoning | R-15 - 12689745 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 23,035 SF |
| No. Stories | 4 |
| Year Built | 1918 |
| Cross Streets | Princess Anne Rd |
| Zoning | R-15 - 12689745 |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
ABOUT 1217-1223 COLONIAL AVE , NORFOLK, VA 23517
Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale the Colonial Lofts ( the property ). Located at 1217 Colonial Avenue in the heart of Norfolk, VA' s historic Ghent neighborhood, the property offers multifamily investors a rare opportunity in the City' s most sought after neighborhood. Originally built in 1918, the 24-unit property was recently renovated and has a new roof, plumbing, HVAC, and separately metered electrical, as well as refinished hardwood floors and renovated kitchens and bathrooms. Colonial Lofts sits across the street from full-service grocer Harris Teeter and is within walking distance to numerous restaurants and bars as well as entertainment, and cultural amenities. Major employment centers including Sentara Norfolk General Hospital, Eastern Virginia Medical School (EVMS), The Port of Norfolk, Downtown Norfolk, Old Dominion University (ODU) and the Norfolk Naval Base are all easily accessible. Recently renovated 24-unit multifamily opportunity " Kitchens have granite counter tops and cherry wood cabinets with an open bar area as well as new appliances and refinished hardwood floors " Brand new roof, central air and heat systems, updated plumbing and new vanities and toilets as well as new light fixtures " Most desirable rental neighborhood in the Hampton Roads region with a high walk score " Numerous nearby retail amenities including a full service grocer, restaurants, bars, and cultural and entertainment venues " Major employment centers including Downtown Norfolk, EVMS, Sentara Hospital, ODU and the Norfolk Naval Base in close proximity
PROPERTY TAXES
| Parcel Number | 02285880 | Improvements Assessment | $3,054,000 |
| Land Assessment | $210,000 | Total Assessment | $3,264,000 |
PROPERTY TAXES
