7922 Old Ocean View Rd | Norfolk, VA 23518
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7922 Old Ocean View Rd
Norfolk, VA 23518
Crossroads Landing · Multifamily Property For Sale
·
104 Units
INVESTMENT HIGHLIGHTS
- Strong Historic Occupancy and Collections
- High Demand Location Due to Ease of Commute to all the Major Employers in Hampton Roads
- Easily Achievable Upside by Minimizing Loss to Lease & Passing Utility Burden Through to Tenants
PROPERTY FACTS
| No. Units | 104 | Building Size | 104,944 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/1999 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Lot Size | 5.04 AC | ||
| Zoning | MF-NS | ||
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.04 AC |
| Building Size | 104,944 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/1999 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | MF-NS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Pet Play Area
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 630 - 750 |
| 2+1 | 76 | - | 950 |
| 3+2 | 11 | - | 1,150 |
PROPERTY TAXES
| Parcel Number | 41127600 | Improvements Assessment | $9,847,300 |
| Land Assessment | $1,691,500 | Total Assessment | $11,538,800 |
PROPERTY TAXES
Parcel Number
41127600
Land Assessment
$1,691,500
Improvements Assessment
$9,847,300
Total Assessment
$11,538,800
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