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4-Unit Gloucester Resi/Multifamily 1 Multifamily Properties Offered at $965,000 in Gloucester Point, VA
Investment Highlights
- Prime investment opportunity in Gloucester County.
- 5% ROI based on in-place rents at 75% occupancy.
- Properties are being sold “as is, where is”.
- No more tolls on the Coleman Bridge has fueled tremendous growth.
- Instant value-add creation through leasing the vacant unit.
Executive Summary
Investment Portfolio – Three Income-Producing Properties
This offering consists of three properties being sold together as a single portfolio:
7557 Bellehaven Road (Tax ID: 051U-1-F)
7693 Spottswood Road (Tax ID: 051A-7-I-10)
1500 Lafayette Road, Units A & B (Tax ID: 051A-7-I-11)
The portfolio includes a ranch-style townhouse, a single-family detached residence with a storage shed, and a duplex. These properties have been operated as rental investments for many years and offer investors an opportunity to acquire an established income-producing portfolio with an approximate 5% ROI based on existing lease agreements.
The portfolio is being sold AS IS, WHERE IS. Three of the four rental units are currently tenant-occupied, and tenants are not to be disturbed. One side of the duplex is vacant.
A due diligence package will be made available upon execution of a Confidentiality Agreement. The seller will not accept financing or appraisal contingencies, and owner financing is not available. This offering is best suited for cash buyers seeking a stabilized residential rental portfolio with immediate income potential.
This offering consists of three properties being sold together as a single portfolio:
7557 Bellehaven Road (Tax ID: 051U-1-F)
7693 Spottswood Road (Tax ID: 051A-7-I-10)
1500 Lafayette Road, Units A & B (Tax ID: 051A-7-I-11)
The portfolio includes a ranch-style townhouse, a single-family detached residence with a storage shed, and a duplex. These properties have been operated as rental investments for many years and offer investors an opportunity to acquire an established income-producing portfolio with an approximate 5% ROI based on existing lease agreements.
The portfolio is being sold AS IS, WHERE IS. Three of the four rental units are currently tenant-occupied, and tenants are not to be disturbed. One side of the duplex is vacant.
A due diligence package will be made available upon execution of a Confidentiality Agreement. The seller will not accept financing or appraisal contingencies, and owner financing is not available. This offering is best suited for cash buyers seeking a stabilized residential rental portfolio with immediate income potential.
Property Facts
| Price | $965,000 | Number of Properties | 3 |
| Price / SF | $742.31 / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 1,300 SF |
| Sale Type | Investment | Total Land Area | 0.52 AC |
| Status | Active |
| Price | $965,000 |
| Price / SF | $742.31 / SF |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 1,300 SF |
| Total Land Area | 0.52 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1500 Lafayette Rd, Gloucester Point, VA 23062 | Multifamily | 1,300 SF | 1986 | - |
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