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Pelican Dock 2111 Pretty Lake Ave 33 Unit Apartment Building For Sale Norfolk, VA 23518
Investment Highlights
- 15 Private Dock Slips
Executive Summary
A 33-unit multifamily asset consisting entirely of two-bedroom,
two-bathroom apartments located within walking distance of public
beach access in Norfolk’s dynamic East Ocean View neighborhood. Built
in 1989, the property features shared balconies and above-average unit
sizes, averaging 950 square feet. The community also includes a private
dock with up to 15 boat slips, offering a unique amenity rarely found in
comparable assets. The property is currently 100% occupied, providing
stable, in-place cash flow from day one, with residents responsible for
all utilities, including water and sewer.
two-bathroom apartments located within walking distance of public
beach access in Norfolk’s dynamic East Ocean View neighborhood. Built
in 1989, the property features shared balconies and above-average unit
sizes, averaging 950 square feet. The community also includes a private
dock with up to 15 boat slips, offering a unique amenity rarely found in
comparable assets. The property is currently 100% occupied, providing
stable, in-place cash flow from day one, with residents responsible for
all utilities, including water and sewer.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 2.51 AC |
| No. Units | 33 | Building Size | 29,568 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1989/2023 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Zoning | R-C | ||
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.51 AC |
| Building Size | 29,568 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2023 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R-C |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Waterfront
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,970,200 | |
| Land Assessment | $1,847,100 | Total Assessment | $5,817,300 |
Property Taxes
Parcel Numbers
Land Assessment
$1,847,100
Improvements Assessment
$3,970,200
Total Assessment
$5,817,300
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Pelican Dock | 2111 Pretty Lake Ave
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