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417 W 27th St
Norfolk, VA 23517
Park Place Apartments · Multifamily Property For Sale
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6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 7,200 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1958 |
| Zoning | R-11 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1958 |
| Zoning | R-11 |
About 417 W 27TH ST , NORFOLK, VA 23517
Located in Norfolk’s rapidly gentrifying Park Place neighborhood, the Park Place Apartments are positioned within walking distance of the restaurants, shops, and entertainment that have popularized the Ghent area. The property is 100% occupied with average rents of $0.83 PSF and includes a large parking lot with over 20 off street spaces. While the Park Place Apartments have enjoyed historically high occupancy, the opportunity exists to push rents with in-place leases over 8% below the market.
Property Taxes
| Parcel Number | 23212225 | Improvements Assessment | $723,300 |
| Land Assessment | $78,200 | Total Assessment | $801,500 |
Property Taxes
Parcel Number
23212225
Land Assessment
$78,200
Improvements Assessment
$723,300
Total Assessment
$801,500
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