Listed by Marcus & Millichap - Hampton Roads
$1,900,000
2811-2815 Colonial Avenue
Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 13,500
Cap Rate 5.52%
NOI $104,964
Tenancy Multi
Pro-Forma Cap Rate 7.72%
Pro-Forma NOI $146,687
Price per SqFt $208
Year Built 1910
Buildings 1
Acreage 0.860
Investment Type Value Add
Ground Lease No
Retail | 5.52% CAP | 13,500 SqFt
Marketing description
Marcus & Millichap is pleased to offering memorandum for 2811-2815 Colonial Avenue located in Norfolk, VA.
The property consists of eleven units and a retail space. There are eight, one-bedroom & one-bathroom units, three two-bedroom & one-bathroom units and a retail space.. 2811-2815 Colonial Avenue was built in 1910 and situated on 0.86 ac.
Investment highlights
- 11 Unit + Retail: A Mix of One- & Two-Bedroom Units
- Significant Rental Upside
- Mixed-Use Income Diversity
- Walking Distance to Major Demand Drivers
Listing Contacts
Listed by Marcus & Millichap - Hampton Roads
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,964.00
$8,747.00/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
