7824 Dallas St | Norfolk, VA 23505
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- LoopNet Team
7824 Dallas St
Norfolk, VA 23505
Southwind Apartments · Multifamily Property For Sale
·
120 Units
INVESTMENT HIGHLIGHTS
- Demonstrated Rent Growth Ownership has captured recent rent lift to 2025 60% AMI max rents, unlocking upside without needing major upgrades.
- Strong NOI Trajectory NOI is up 24.6% since 2022, backed by 99%+ occupancy and steady rent growth.
- Prime Norfolk Location.
- Built-In Rent Escalation AMI-driven max rents have increased 45% since 2017, supporting predictable, inflation-hedged income.
- 100% Mission-Driven Asset.
PROPERTY FACTS
| No. Units | 120 | Lot Size | 5.61 AC |
| Property Type | Multifamily | Building Size | 136,228 SF |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | B | Year Built | 2009 |
| Zoning | PDR-LCA | ||
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.61 AC |
| Building Size | 136,228 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 2009 |
| Zoning | PDR-LCA |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Walk-In Closets
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 779 |
| 2+2 | 80 | - | 1,103 |
| 3+2 | 28 | - | 1,380 |
PROPERTY TAXES
| Parcel Number | 00911382 | Improvements Assessment | $7,337,700 |
| Land Assessment | $3,664,900 | Total Assessment | $11,002,600 |
PROPERTY TAXES
Parcel Number
00911382
Land Assessment
$3,664,900
Improvements Assessment
$7,337,700
Total Assessment
$11,002,600
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