207 12th St | Virginia Beach, VA 23451
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- LoopNet Team
207 12th St
Virginia Beach, VA 23451
Multifamily Property For Sale
·
4 Units
Investment Highlights
- The asset is comprised of a 2-bedroom, 1-bathroom flat, and three 3-bedroom, 1-bathroom flats
- s. The building was completely gutted and renovated in 2020, and features a new roof, central HVAC system, upgraded bathrooms and fixtures
- The property manager is available to continue managing the asset for new ownership
- Originally constructed in 1920, the building benefits from grandfathered status for short-term rentals, eliminating the need for extra permits
- The Property is currently being managed by a local property management firm specializing in the short-term market
- The Property is in Virginia Beach’s thriving Vibe Creative District and one block from the oceanfront
Property Facts
| No. Units | 4 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 4,224 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 2.84/1,000 SF |
| Zoning | OR - Resort District, within the STR Overlay | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,224 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 2.84/1,000 SF |
| Zoning | OR - Resort District, within the STR Overlay |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 2427-25-1422 | Improvements Assessment | $224,800 |
| Land Assessment | $783,800 | Total Assessment | $1,008,600 |
Property Taxes
Parcel Number
2427-25-1422
Land Assessment
$783,800
Improvements Assessment
$224,800
Total Assessment
$1,008,600
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