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401 Maryland Ave 10 Unit Apartment Building $1,509,200 CAD ($150,920 CAD/Unit) 6.91% Cap Rate Portsmouth, VA 23707

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EXECUTIVE SUMMARY

Investors—don’t miss this one! Well-situated 10-unit apartment building in the desirable Port Norfolk area, tenant-occupied and generating steady income. No showings prior to a ratified contract. Please submit offers contingent upon interior access. **Do not disturb tenants under any circumstances.** Full portfolio summary available upon request. The seller will break up this portfolio and sell the properties individually.

Southside 83 OM v1.0

PROPERTY FACTS

Price	$1,509,200 CAD	Building Class	C
Price Per Unit	$150,920 CAD	Lot Size	0.26 AC
Sale Type	Investment	Building Size	7,240 SF
Cap Rate	6.91%	Average Occupancy	80%
No. Units	10	No. Stories	2
Property Type	Multifamily	Year Built	1985
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	HR

Price	$1,509,200 CAD
Price Per Unit	$150,920 CAD
Sale Type	Investment
Cap Rate	6.91%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.26 AC
Building Size	7,240 SF
Average Occupancy	80%
No. Stories	2
Year Built	1985
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	HR