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Matt Marek

matt@valuxhomes.com +1(757) 705-3512

$ 1,375,000

Est. payment | -/mo

Save

$ 1,375,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

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

Listed by Inlet Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(757) 705-3512

matt@valuxhomes.com

1545 Crossways Blvd. Ste 250 #242, Chesapeake, VA, 23320, USA

Learn More About LPT Realty

719 Dudley AVE Norfolk, VA 23503