Listed by S.L. Nusbaum Realty Co
$2,400,000
The Mercer Building
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,344
Units 8
Cap Rate 6.27%
Year Built 1919
Buildings 1
Acreage 0.162
Multifamily | 6.27% CAP | 8 Units
Marketing description
The Mercer Apartment complex is an 8-unit multifamily complex located near the intersection of West Princess Anne Road and Colley Avenue in Norfolk in the sought after Ghent submarket. With close proximity to Downtown Norfolk, Norfolk General Hospital, EVMS, and CHKD, this property makes for an ideal investment property which consistently attracts a wide range of professional services/medical related tenants.
Investment highlights
- Recent capital improvements
- Central air
- Off-street parking
- In-unit washer and dryer
- Large 2-bed, 2-bath units (1,650 SF)
Listing Contacts
Listed by S.L. Nusbaum Realty Co
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