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719 Dudley Ave 10 Unit Apartment Building $1,400,000 ($140,000/Unit) 5.47% Cap Rate Norfolk, VA 23503
EXECUTIVE SUMMARY
Low maintenance 10 unit apartment building. Rent Roll $135,240. All units 2 bedrooms 1 bathroom. Large living area and 2 large bedrooms. Great Location minutes from the beach, interstates, shopping and bases. Wall unit AC and electric baseboard heating make this a low maintenance property that is easy to maintain. Parking on property as well as street parking available. LVP through out most units, some carpeted bedrooms. Location, Location, Location. This property is being sold as part of an 83 unit portfolio for 11.555 million. The seller will break up this portfolio and sell the properties individually.
PROPERTY FACTS
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $140,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.47% | Building Size | 7,102 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Zoning | R-12 | ||
| Price | $1,400,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,102 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R-12 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 15578960 | Improvements Assessment | $831,400 |
| Land Assessment | $110,200 | Total Assessment | $941,600 |
PROPERTY TAXES
Parcel Number
15578960
Land Assessment
$110,200
Improvements Assessment
$831,400
Total Assessment
$941,600
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719 Dudley Ave
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