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200-208 E Washington St 11 Unit Apartment Building $1,290,000 ($117,273/Unit) 8.68% Cap Rate Suffolk, VA 23434
Executive Summary
Marcus & Millichap is pleased to present the offering memorandum for 200-208 E Washington Street in Suffolk, VA.
The property consists of eleven units total. There are three, one-bedroom and one-bathroom units, three, two-bedroom one-bathroom units, one, two-bedroom three-bathroom units and one retail
space across one, two-story buildings built in 1920, renovated in 2005 and situated on +/- 0.24 acres.
The property consists of eleven units total. There are three, one-bedroom and one-bathroom units, three, two-bedroom one-bathroom units, one, two-bedroom three-bathroom units and one retail
space across one, two-story buildings built in 1920, renovated in 2005 and situated on +/- 0.24 acres.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,290,000 | Apartment Style | Low-Rise |
| Price Per Unit | $117,273 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 8.68% | Building Size | 18,000 SF |
| Gross Rent Multiplier | 6.78 | No. Stories | 2 |
| No. Units | 11 | Year Built/Renovated | 1920/2005 |
| Property Type | Multifamily | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CENTRAL BU | ||
| Price | $1,290,000 |
| Price Per Unit | $117,273 |
| Sale Type | Investment |
| Cap Rate | 8.68% |
| Gross Rent Multiplier | 6.78 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 18,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2005 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | CENTRAL BU |
Amenities
Unit Amenities
- Kitchen
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
| 2+3 | 1 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 353737900 | Improvements Assessment | $1,142,800 |
| Land Assessment | $52,800 | Total Assessment | $1,195,600 |
Property Taxes
Parcel Number
353737900
Land Assessment
$52,800
Improvements Assessment
$1,142,800
Total Assessment
$1,195,600
Contacts
-
Justin Ferguson -
Altay Uzun -
Jack Carroll -
Myles Lee -
Joshua Bagley -
Tracey Mori -
Marcus & Millichap
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