For Sale
$675,000

9611 3Rd View StNorfolk, VA 23503

Four-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a charming two-story, four-unit apartment building situated in the desirable Ocean View neighborhood of Norfolk, Virginia. Built in 1925, this property boasts 3,600 square feet on an 11,006 square foot lot and is zoned C-2. The building currently enjoys 75% occupancy, with three units generating rental income. Unit A, a beautifully remodeled unit featuring new electric heat pumps, granite countertops, ceramic tile, stainless steel appliances, and original hardwood floors, is currently vacant and ready for immediate occupancy by an owner, tenant, or as a potential Airbnb rental. Unit B commands a monthly rent of $1250, while Unit C also rents for $1250 per month. Unit D, recently renovated, generates a monthly rental income of $1500. The property's address is 9611 3rd View St, Norfolk, VA 23503, and is offered at an asking price of $675,000. This is a fantastic opportunity to acquire a well-located multifamily property with strong rental potential in a vibrant coastal community. The property features simple ownership and presents a solid return on investment. The APN is 38301700.

Highlights

  • $675,000 asking price for this four-unit apartment building.
  • 3,600 square feet on an 11,006 square foot lot.
  • 75% occupancy with three units currently rented.
  • Four units total, in a two-story, 1925-built building.
  • Located at 9611 3rd View St, Norfolk, VA 23503, with C-2 zoning.
  • Simple ownership.

Property Details for 9611 3Rd View St

Property type
Apartment buildings
Square Feet
3,600 SF
Year Built
1925
Buildings
1
Stories
2
Units
4

Location Insight

City
Norfolk
County
Norfolk City
State
Virginia
Latitude
36.9587011
Longitude
-76.2605135
9611 3Rd View St, Norfolk, Virginia

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9611 3Rd View St
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