Homes for sale - 1000 Gates AVE, Norfolk, VA 23507

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Andrew Christie

andrew.christie@atlanticsir.com +1(757) 269-9746

$2,800,000

Est. payment - /mo

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UPDATED:

10/08/2024 03:48 PM

Key Details

Property Type Apartments 3

Listing Status Active

Purchase Type For Sale

Subdivision West Ghent

MLS Listing ID 10543035

HOA Y/N No

Year Built 1918

Annual Tax Amount $21,240

Property Description

For sale: a stunning 12-unit, all-brick apartment building in Norfolk's sought-after Ghent neighborhood. This 3-story building includes 3 one-bedroom, 1-bath units; 6 two-bedroom, 1-bath units; and 3 three-bedroom, 2-bath units, generating a total monthly rent of $19,775. The property boasts a 6.2% cap rate and underwent complete renovations in 2018, including new kitchens with granite countertops and high-end cabinetry, new bathrooms, and new electrical and plumbing systems. Each unit features a washer/dryer and mini-split HVAC systems, with tenants paying all utilities. The freshly sealed roof ensures low maintenance. Conveniently located near EVMS and multiple military bases, this fully occupied property is one of the best in Ghent. Don't miss this exceptional investment opportunity.

Location

State VA

County Norfolk

Area 11 - West Norfolk

Interior

Hot Water Electric

Heating Heat Pump

Cooling Central Air

Flooring Ceramic, Wood

Exterior

Garage Off Street, Street

Utilities Available City Sewer, City Water, Electric, Telephone Avail

Roof Type Poly Skin

Accessibility Level Flooring, Main Floor Laundry

Building

Story 3.0000

Foundation Basement

Schools

Elementary Schools Walter Herron Taylor Elementary

Middle Schools Blair Middle

High Schools Maury

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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Andrew Christie

+1(757) 269-9746

Broker Associate | License ID: 0225199734

Broker Associate License ID: 0225199734

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1000 Gates AVE Norfolk, VA 23507

Andrew Christie

Andrew Christie

Key Details

Location

Interior

Exterior

Building

Schools

Others