Description
1314-1318 Little Bay Avenue presents a rare opportunity to own a 20-unit, one-bedroom, one-bath multifamily property in sought-after Norfolk, VA. With six current vacancies, this property offers tremendous value-add potential, including separating water from rent, turning select units, adding laundry in the units, bringing existing rents to market rates, and filling all vacancies.The two buildings are in excellent condition, featuring newer roofs, windows, and well-maintained brick siding. Property has a common area laundry with coin operated machines. Baseboard heat and wall AC make for low maintenance costs. To maximize appeal, envision adding a mural to enhance its coastal charm and solidify its place in this sought-after community. Dont miss this chance to capitalize on a well-maintained property with exceptional upside!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
1314-1318 Little Bay Avenue presents a rare opportunity to own a 20-unit, one-bedroom, one-bath multifamily property in sought-after Norfolk, VA. With six current vacancies, this property offers tremendous value-add potential, including separating water from rent, turning select units, adding laundry in the units, bringing existing rents to market rates, and filling all vacancies.The two buildings are in excellent condition, featuring newer roofs, windows, and well-maintained brick siding. Property has a common area laundry with coin operated machines. Baseboard heat and wall AC make for low maintenance costs. To maximize appeal, envision adding a mural to enhance its coastal charm and solidify its place in this sought-after community. Dont miss this chance to capitalize on a well-maintained property with exceptional upside!
