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10710, 10714 Jefferson & 500 Powellville 1 Multifamily Properties Offered at $1,700,000 in Newport News, VA
Investment Highlights
- Favorable Unit Mix: Studio, One- & Two-Bedroom
- Turnkey Property
- Fully Renovated Units
- Centralized Location: Minutes from Newport News Shipyard, Christopher Newport University, HRBT & I-64
Executive Summary
Marcus & Millichap is pleased to present the offering memorandum for 10710 & 10714 Jefferson Avenue and 500 Powellville Lane Newport News, VA 23061.
The portfolio consists of seventeen units total. There are two, studio units, thirteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units. 10710 Jefferson Avenue was built in 1960 and situated on 0.32 ac.
The portfolio consists of seventeen units total. There are two, studio units, thirteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units. 10710 Jefferson Avenue was built in 1960 and situated on 0.32 ac.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,700,000 | Number of Properties | 2 |
| Price / SF | $188.89 / SF | Individually For Sale | 0 |
| Cap Rate | 6.51% | Total Building Size | 9,000 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Status | Active |
| Price | $1,700,000 |
| Price / SF | $188.89 / SF |
| Cap Rate | 6.51% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,000 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Tall Oaks
10710 Jefferson Ave, Newport News, VA 23601 |
Multifamily | 9,000 SF | 1960 | - |
1 1
Contacts
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Justin Ferguson -
Altay Uzun -
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Myles Lee -
Tracey Mori -
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10710, 10714 Jefferson & 500 Powellville
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