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605-611 W Ocean View Ave
Norfolk, VA 23503
Pirate's Cove · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Waterfront Property
- Located in Ocean View Neighborhood
- High Occupancy Rate
PROPERTY FACTS
| No. Units | 24 | Building Size | 18,258 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1978 |
| Building Class | B | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | R-12 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 18,258 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R-12 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Waterfront
- Pet Play Area
ABOUT 605-611 W OCEAN VIEW AVE , NORFOLK, VA 23503
One South Commercial is pleased to present the exclusive sale listing of the Pirate’s Cove Apartments at 605-611 West Ocean View Avenue in Norfolk’s Ocean View neighborhood. Pirate’s Cove sits adjacent to Willoughby Bay allowing residents to enjoy waterfront views to the south. Public access to Willoughby Beach and Chesapeake Bay is also available directly across West Ocean View Avenue. This listing offers 24 multifamily residential units in two buildings constructed in 1978. Each building contains two stories and 12 units. 20 of the apartments are 1bed/1bath and 4 are 2bed/1bath units. Each of these units features air conditioning, a fully equipped kitchen, and carpeting in the bedrooms. On-site laundry facilities are also available for the convenience of the residents. Other conveniences include ample off-street parking for both residents and visitors in this neighborhood where spaces are at a premium. Pirate’s Cove is also located adjacent to I-64 which makes access to downtown Norfolk, the Norfolk Naval Station, Virginia Beach, Newport News, and other points in Hampton Roads easy and convenient. With its high occupancy rate and its location between Willoughby Bay and Willoughby Beach, Pirates Cove is an exciting opportunity for a buyer looking for a waterfront investment in Norfolk.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 500 |
| 2+1 | 4 | - | 550 - 570 |
PROPERTY TAXES
| Parcel Number | 34997800 | Improvements Assessment | $1,464,000 |
| Land Assessment | $424,500 | Total Assessment | $1,888,500 |
PROPERTY TAXES
