Listed by Marcus & Millichap - Hampton Roads
Unpriced
OV Living
Details
Property Type Multifamily
Sub Type Apartment Building
Multifamily
Marketing description
The Uzun Group of Marcus & Millichap is pleased to present the pricing and financial analysis for OV Living located in Norfolk, VA.
OV Living is a 103-unit multifamily portfolio spanning ten distinct locations across twelve buildings. OV Living’s unit mix includes forty-eight one-bedroom/one-bathroom units, forty-seven two-bedroom/one-bathroom units, and eight two-bedroom/one-and-a-half-bathroom units.
Investment highlights
- High Demand Beach Community: Direct access to the Chesapeake Bay and consistent occupancy drive by limited waterfront housing
- High Barrier of Entry for New Multifamily Supply: Limited land, coastal zoning and elevated costs restrict new development
- Incredible Operation Upside Opportunity: Interior upgrades support rent growth and value appreciation
- Easy Access to Numerous Employment Centers & Transit: Within 10 minutes from Norfolk International Airport, Naval Station Norfolk and Little Creek Base & 2 minutes from HRBT
Listing Contacts
Listed by Marcus & Millichap - Hampton Roads
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