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28653123
28653124

1005 Hillside Ave, Norfolk, VA 23503

CP
VA 0225248295
Inlet Realty
Listed by Inlet Realty
$970,000
192 days on market
Updated 100 days ago

1005 Hillside Ave Apartments

Details
APN 08976400
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 6.27%
NOI $60,780
Occupancy 100%
Year Built 1974
Buildings 1
Stories 2
Acreage 0.170
Zoning R-12
Investment Type Value Add
Ownership Simple

Multifamily | 6 Units | $161,667/unit

Marketing description

Attention Investors! Fully occupied Sixplex in the heart of Ocean View! Sits one block from the beach and Chesapeake Bay with a view of the Bay from the parking lot. Not in a flood zone! Low maintenance. Great cash flow! Do not disturb tenants under any circumstances. Nicely updated. ****WASHER/DRYER COMBOS IN UNITS 2, 3, and 4 only. The two units not reflected on data input have identical specs to the other four listed units. Current total monthly rent on this building is $8240.00. *****THIS PROPERTY IS BEING SOLD AS PART OF A PORTFOLIO OF 83 DOORS FOR $11.555M***** Complete portfolio may be found in Documents section.

Investment highlights

Attention Investors! Fully occupied Sixplex in the heart of Ocean View! Sits one block from the beach and Chesapeake Bay with a view of the Bay from the parking lot. Not in a flood zone! Low maintenance. Great cash flow! Do not disturb tenants under any circumstances. Nicely updated. ****WASHER/DRYER COMBOS IN UNITS 2, 3, and 4 only. The two units not reflected on data input have identical specs to the other four listed units. Current total monthly rent on this building is $8240.00. *****THIS PROPERTY IS BEING SOLD AS PART OF A PORTFOLIO OF 83 DOORS FOR $11.555M***** Complete portfolio may be found in Documents section.

Listing Contacts

CP
VA 0225248295
Inlet Realty
Listed by Inlet Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,780.00
$5,065.00/mo

Valuation Metrics

0
DSCR
6.27%
Cap Rate
6.27%
ROI

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Additional Information

Name
Christian Phillips
License
0225248295
Brokerage Phone
757-675-5164
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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