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717 Guy Avenue 725 Guy Ave 32 Unit Apartment Building For Sale Norfolk, VA 23505
Investment Highlights
- 32 Units: Mix of One- & Two-Bedroom Units
- Value-Add Upside Through Loss-To-Lease Burn-Off
- Occupancy: 97%
- Fully Renovated: Stainless Steel Appliances, New Cabinets, New Flooring Throughout, New Bathroom Showers & New Fixtures
Executive Summary
• RENOVATED UNITS All interiors have been fully renovated with new cabinets, flooring, tiles and fresh paint
• TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street
• EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
• TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street
• EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.68 AC |
| No. Units | 32 | Building Size | 21,266 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C-2 | ||
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 21,266 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 46459800 | Improvements Assessment | $1,288,700 |
| Land Assessment | $237,800 | Total Assessment | $1,526,500 |
Property Taxes
Parcel Number
46459800
Land Assessment
$237,800
Improvements Assessment
$1,288,700
Total Assessment
$1,526,500
Contacts
-
Altay Uzun -
Justin Ferguson -
Jack Carroll -
Myles Lee -
Tracey Mori -
Marcus & Millichap
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717 Guy Avenue | 725 Guy Ave
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