1524 E Ocean View Ave | Norfolk, VA 23503
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1524 E Ocean View Ave
Norfolk, VA 23503
1524 E Ocean View Avenue · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- 4 Units: Mix of One and Two Bed Units
- Prime on the Water Location with Beach Access; Abundant Recreational Activities
- Fully Furnished Units
- Value-Add Opportunity with Rent Growth Potential Located on the Chesapeake Bay
- Turn-Key Asset; No Deferred Maintenance
- 14 Minutes to Joint Expeditionary Base Little Creek-Fort Story & 13 Minutes from Norfolk Naval Station
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Lot Size | 0.20 AC | Year Built | 1930 |
| Zoning | R12 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.20 AC |
| Building Size | 3,800 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | R12 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,095 | 800 |
| 2+1 | 2 | $1,495 | 900 |
| 2+2 | 1 | $1,545 | 1,200 |
PROPERTY TAXES
| Parcel Number | 40029002 | Improvements Assessment | $429,900 |
| Land Assessment | $382,500 | Total Assessment | $812,400 |
PROPERTY TAXES
Parcel Number
40029002
Land Assessment
$382,500
Improvements Assessment
$429,900
Total Assessment
$812,400
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