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1000 Gates Ave

Norfolk, VA 23507
  • $3,000,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 10534213
UPDATED: 91 min ago
$3,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1918

School Information

Elementary School:
Middle School:
High School:

Description

For sale: a stunning 12-unit, all-brick apartment building in Norfolk's sought-after Ghent neighborhood. This 3-story building includes 3 one-bedroom, 1-bath units; 6 two-bedroom, 1-bath units; and 3 three-bedroom, 2-bath units, generating a total monthly rent of $19,775. The property boasts a 5.68% cap rate and underwent complete renovations in 2018, including new kitchens with granite countertops and high-end cabinetry, new bathrooms, and new electrical and plumbing systems. Each unit features a washer/dryer and mini-split HVAC systems, with tenants paying all utilities. The freshly sealed roof ensures low maintenance. Conveniently located near EVMS and multiple military bases, this fully occupied property is one of the best in Ghent. Don't miss this exceptional investment opportunity!

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www.vr-va.com/homes/150894327
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1000 Gates Ave Norfolk, VA 23507

  • Price: $3,000,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 91 min ago
  • ID#: 10534213
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1918
Built
Neighborhood:
West Ghent
Area:
11 - West Norfolk
Elementary School:
Walter Herron Taylor Elementary
Middle School:
Blair Middle
High School:
Maury
Property Description
For sale: a stunning 12-unit, all-brick apartment building in Norfolk's sought-after Ghent neighborhood. This 3-story building includes 3 one-bedroom, 1-bath units; 6 two-bedroom, 1-bath units; and 3 three-bedroom, 2-bath units, generating a total monthly rent of $19,775. The property boasts a 5.68% cap rate and underwent complete renovations in 2018, including new kitchens with granite countertops and high-end cabinetry, new bathrooms, and new electrical and plumbing systems. Each unit features a washer/dryer and mini-split HVAC systems, with tenants paying all utilities. The freshly sealed roof ensures low maintenance. Conveniently located near EVMS and multiple military bases, this fully occupied property is one of the best in Ghent. Don't miss this exceptional investment opportunity!
Exterior Features

Construction Other Exterior Siding Brick Foundation Type Basement Garage YN No Parking Off StreetStreet Roof Poly Skin

Interior Features

Accessibility Level FlooringMain Floor Laundry Cooling Central Air Dishwashers 12 Disposals 12 Dryers 12 Flooring Type CeramicWood Furnished YN No Heating Heat Pump W/A Ranges 12 Refrigerators 12 Washers 12 Water Heater Type Electric

Property Features

Apartment Type Other Commission Amt Sell Bkr 2 Contingency Exists Non Contingent Disclosure Disclosure Statement Neighborhood Name GHENT Ownership Type Simple Possession N/A Tax Amount Approx 21240 Utilities City SewerCity WaterElectricTelephone Avail

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