Listed by Marcus & Millichap - Hampton Roads
$2,699,000
171-179 W Balview Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,600
Units 20
Cap Rate 6.75%
NOI $182,167
Pro-Forma Cap Rate 7.8%
Pro-Forma NOI $210,576
Price per SqFt $198
Class C
Year Built 1987
Buildings 2
Stories 2
Acreage 0.240
Value Add, Separate Utilities, Walking Distance to the Beach
Marketing description
Marcus & Millichap is pleased to present the offering memorandum for 171-179 W Balview Avenue in Norfolk, VA.
The property consists of twenty units total. There are eight, one-bedroom and one-bathroom units and twelve, two-bedroom one-bathroom units across two, two-story buildings built in 1987 and situated on +/- 0.24 acres.
Listing Contacts
Listed by Marcus & Millichap - Hampton Roads
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$182,167.00
$15,180.58/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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