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$ 2,550,000
Est. payment /mo
Active
831 W Ocean View AVE Norfolk, VA 23503
UPDATED:
Key Details
Property Type Multi-Family, Condo
Listing Status Active
Purchase Type For Sale
Subdivision Willoughby Beach
MLS Listing ID 10620197
HOA Y/N No
Year Built 1965
Annual Tax Amount $26,862
Property Description
831 W Ocean View Ave in Norfolk offers a rate 16-unit, 2BR/1BA multifamily opportunity featuring true Class A finishes throughout. Investors will appreciate the premium unit quality and strong tenant appeal in the Ocean View submarket, minutes to the beach, dining and major commuter routes. The property has already been converted to condominiums, creating multiple exit strategies--operate as a stabilized rental, execute a phased or bulk condo sell-ff, or pursue a hybrid approach to maximize returns. Offered at a never-before-seen price of $2,550,000, this asset presents an exceptional basis for a high-finish, boutique portfolio addition or 1031 exchange replacement. Request offering memorandum, financials and condo documentation from broker. Tours by appointment only--please do not disturb residents.
Location
State VA
County Norfolk
Area 13 - North Norfolk
Zoning R-12
Interior
Hot Water Electric
Heating Electric, Heat Pump
Cooling Central Air, Heat Pump
Flooring Vinyl, Wood
Exterior
Parking Features Lot
Utilities Available City Sewer, City Water, Electric
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Crawl
Schools
Elementary Schools Little Creek Elementary
Middle Schools Norview Middle
High Schools Granby
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by Inlet Realty
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