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622 Graydon Ave
Norfolk, VA 23507
Graydon Avenue Apartments · Multifamily Property For Sale
·
9 Units
PROPERTY FACTS
| No. Units | 9 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 12,392 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1915 |
| Zoning | HC-G2 - supporting commercial development along key transportation corridors, with an emphasis on high-density, mixed-use development | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 12,392 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | HC-G2 - supporting commercial development along key transportation corridors, with an emphasis on high-density, mixed-use development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
ABOUT 622 GRAYDON AVE , NORFOLK, VA 23507
The Graydon Avenue Apartments present an investor the opportunity to purchase a well-maintained asset in an A+ location with tremendous upside. The Historic Ghent submarket is supply constrained, with no units currently under construction and no new deliveries in the past seven years, allowing for significant rent growth in existing product. The property is strategically located blocks from Norfolk’s major employers, and presents multiple investment strategies, including a compelling condo-conversion exit.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | - |
PROPERTY TAXES
| Parcel Number | 29608500 | Improvements Assessment | $930,100 |
| Land Assessment | $192,200 | Total Assessment | $1,122,300 |
PROPERTY TAXES
