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1208 W Ocean View Ave
Norfolk, VA 23503
1208 W Ocean View Ave Apartments · Multifamily Property For Sale
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13 Units
Investment Highlights
- 12 Units + 1 SFH: A Mix of One-, Two- & Three-Bedroom Units
- Recently Renovated Interiors
- Prime Location: Within 300 Feet of Willoughby Beach
- Optimal Location to Major Employers: Norfolk Air Station, Little Creek Base, Norfolk Naval Shipyard
Executive Summary
Marcus & Millichap is pleased to present the pricing and financial analysis for 1208 W Ocean View Avenue located in Norfolk, VA.
The property consists of twelve units plus one single family home, for a total of thirteen units. There are two, one-bedroom and one-bathroom units, ten, two-bedroom and one-bathroom units and one single family home that is three-bedrooms and two-bathrooms. 1208 W Ocean View Ave¬nue was built in 1952 and situated on 0.46 ac.
The property consists of twelve units plus one single family home, for a total of thirteen units. There are two, one-bedroom and one-bathroom units, ten, two-bedroom and one-bathroom units and one single family home that is three-bedrooms and two-bathrooms. 1208 W Ocean View Ave¬nue was built in 1952 and situated on 0.46 ac.
Property Facts
| Price Per Unit | $187,892 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.70% | Lot Size | 0.46 AC |
| No. Units | 13 | Building Size | 4,347 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1952 |
| Zoning | R12 | ||
| Price Per Unit | $187,892 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,347 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Zoning | R12 |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Property Taxes
| Parcel Number | 09545900 | Improvements Assessment | $1,936,982 CAD |
| Land Assessment | $519,324 CAD | Total Assessment | $2,456,306 CAD |
Property Taxes
Parcel Number
09545900
Land Assessment
$519,324 CAD
Improvements Assessment
$1,936,982 CAD
Total Assessment
$2,456,306 CAD
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