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$ 1,400,000
Est. payment | /mo
$ 1,400,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
Subdivision Kenilworth - 126
MLS Listing ID 10610396
HOA Y/N No
Year Built 1972
Annual Tax Amount $11,582
Property Description
Fully occupied brick building featuring ten 2-bedroom, 1-bath units in a convenient Norfolk location. Current monthly rents total $11,520, providing strong in-place cash flow from day one with room for long-term upside through strategic rent increases and value-add improvements. Simple, efficient floor plans appeal to residents and help control turnover. Off-street parking and easy access to major roads, schools, and employment centers make this a consistently desirable rental property. A great chance to add a stable, income-producing asset to your portfolio.
Location
State VA
County Norfolk
Area 13 - North Norfolk
Zoning R-12
Interior
Hot Water Electric
Heating Basebd, Electric
Cooling Window/Wall
Flooring Carpet, Ceramic, Laminate/LVP, Wood
Exterior
Parking Features Multi Car
Utilities Available City Sewer, City Water, Electric
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Crawl
Schools
Elementary Schools Oceanair Elementary
Middle Schools Northside Middle School
High Schools Granby
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Inlet Realty
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