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405 Harbour North Dr - Harbour North Investment Portfolio 3 Unit Apartment Building Offered at $670,000 Chesapeake, VA 23320
INVESTMENT HIGHLIGHTS
- Fully renovated 3-unit package—no deferred maintenance
- Fee-simple ownership, individual tax parcels
- Centrally located near Greenbrier, interstates, and major employment hubs
- Strong pro-forma: 8 %+ Cap Rate, $55K NOI
- Ideal for BRRRR / 1031 / Section 8 investors
- Professional management available
EXECUTIVE SUMMARY
Offered as a 3-property portfolio or individual sales, the Harbour North Investment Portfolio presents a rare opportunity to acquire three side-by-side townhomes in a high-demand residential pocket of Chesapeake. Each unit has undergone a full 2025 renovation with modern finishes and mechanical systems, providing immediate stability and long-term durability.
All units are vacant and turn-key, ready for lease-up or resale.
Highlights
Total Asking Price: $670,000 (Portfolio)
– Units available individually as well
Property Type: Triplex Portfolio (3 Fee-Simple Townhomes)
Zoning: RMF-1 (Multifamily Residential)
Year Built: 1978 | Year Renovated: 2025
Ownership: SPCR Ventures LLC (Riebling Properties & S&P Coastal Capital Group)
Occupancy: 0% (delivered vacant)
All units are vacant and turn-key, ready for lease-up or resale.
Highlights
Total Asking Price: $670,000 (Portfolio)
– Units available individually as well
Property Type: Triplex Portfolio (3 Fee-Simple Townhomes)
Zoning: RMF-1 (Multifamily Residential)
Year Built: 1978 | Year Renovated: 2025
Ownership: SPCR Ventures LLC (Riebling Properties & S&P Coastal Capital Group)
Occupancy: 0% (delivered vacant)
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $670,000 | Building Class | C |
| Price Per Unit | $223,333 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,332 SF |
| No. Units | 3 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1978/2025 |
| Price | $670,000 |
| Price Per Unit | $223,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,332 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2025 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 2 | $2,000 | 1,216 |
| 2+1.5 | 1 | $1,750 | 900 |
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VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
Riebling Properties LLC
405 Harbour North Dr - Harbour North Investment Portfolio
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