REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,625,000
Est. payment | /mo
$ 5,625,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
Subdivision South Norfolk
MLS Listing ID 10620196
HOA Y/N No
Year Built 1970
Annual Tax Amount $44,000
Property Description
Sunnybrook Apartments (824 Post Ave and 2127 Chesapeake Drive, Chesapeake, VA) is a 48-unit multifamily community in the Hampton Roads metro, positioned for cash flow and upside. The property offers an attractive unit mix of forty-four (44) 2BR/1BA and four (4) 1BR/1BA apartments, supporting broad renter demand. Offered at a $5,625,000 list price, buyers may benefit from assumable financing of approximately $3.5M at 5.7% interest (subject to lender approval), helping reduce interest-rate uncertainty and enhance leverage. The Chesapeake location provides convenient access to retail, dining and commuter routes. A compelling value-add story exists through rent optimization, interior upgrades and operational efficiencies as units turn. Ideal for 1031 exchange or portfolio expansion. Contact broker for offering memorandum, rent roll and financials. Tours by appointment only - please do not disturb residents.
Location
State VA
County Chesapeake
Area 31 - Central Chesapeake
Zoning RMF1
Interior
Hot Water Electric
Heating Basebd
Cooling Window/Wall
Flooring Laminate/LVP
Exterior
Parking Features Lot, Off Street
Utilities Available City Sewer, City Water, Electric
Roof Type Asphalt Shingle,Poly Skin
Building
Story 2.0000
Foundation Crawl
Schools
Elementary Schools Rena B. Wright Primary
Middle Schools Oscar Smith Middle
High Schools Oscar Smith
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Inlet Realty
Nearby School & Business
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