9712 11th Bay St
Norfolk, VA 23518
9712 11th Bay Street Apartments · Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 6,750 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Lot Size | 0.17 AC | ||
| Zoning | R-12 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.17 AC |
| Building Size | 6,750 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1947 |
| Zoning | R-12 |
About 9712 11TH BAY ST , NORFOLK, VA 23518
Marcus & Millichap, as the exclusive advisor to the seller, is pleased to present the opportunity to acquire 9712 11th Bay Street, a 9-unit opportunity located in the East Ocean View neighborhood of Norfolk, VA. The opportunity includes one eight unit building and one cottage built in 1947 and situated on 0.17 acres. The asset offers ample amenities including ceiling fans, hardwood flooring, tile flooring, stainless steel appliances, and abundant natural light. Located in East Ocean View, the property’s prime on-thewater location enjoys the benefits of not only Hampton Roads liveliest metro, but also the most prominent arts and culture district in the entire MSA. 9712 11th Bay also provides quick access to downtown Norfolk and Norfolk’s Waterside District. 9712 11th Bay has a current occupancy of 89% while the Norfolk submarket has shown 95.6% occupancy for the past year. With a focus on healthcare, professional, and business services sectors, Norfolk is less susceptible to the volatility in the military and shipping industries that increased vacancies throughout the Hampton Roads.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 750 |
Property Taxes
| Parcel Number | 31833800 | Improvements Assessment | $709,300 |
| Land Assessment | $232,300 | Total Assessment | $941,600 |
Property Taxes
