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Southside 83 17 Multifamily Properties Offered at $11,555,000 in Multiple Locations
EXECUTIVE SUMMARY
Southside 83 is an 83-unit, 14-property multifamily portfolio spanning Norfolk, Virginia Beach, Portsmouth, and Suffolk—delivering immediate income with Southside Hampton Roads diversification. Offered at $11,555,000, the package is a 6.30% cap on $728,314 NOI. The asset mix ranges from duplexes to a 24-unit complex, enabling efficient operations and steady leasing, with many units recently upgraded to enhance rentability and reduce near-term capex—plus upside from rent normalization and finish premiums. The seller will break up this portfolio and sell the properties individually
PROPERTY FACTS
| Price | $11,555,000 | Status | Active |
| Price / SF | $150.82 / SF | Number of Properties | 17 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 3 |
| Cap Rate | 6.30% | Total Building Size | 76,613 SF |
| Sale Type | Investment | Total Land Area | 3.22 AC |
| Price | $11,555,000 |
| Price / SF | $150.82 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 17 |
| Individually For Sale | 3 |
| Total Building Size | 76,613 SF |
| Total Land Area | 3.22 AC |
PROPERTIES
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Southside 83
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