734 Johnson AVE, Norfolk, VA 23504
734 Johnson AVE, Norfolk, VA 23504
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$ 1,150,000
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$ 1,150,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Huntersville - 113

MLS Listing ID 10655866

HOA Y/N No

Year Built 1988

Annual Tax Amount $10,241

Property Description

Expand your investment portfolio with this all-brick, 10-unit apartment building in Norfolk's Huntersville neighborhood. The property features nine occupied units and just one vacancy, with positive cash flow and a reported cap rate above 9%. An opportunity to acquire an income-producing property with room to increase revenue by leasing the remaining unit.

Location

State VA

County Norfolk

Area 11 - West Norfolk

Zoning R-8

Interior

Hot Water Electric

Heating Basebd

Cooling Window/Wall

Flooring Carpet, Vinyl

Exterior

Parking Features 1 Space

Utilities Available City Sewer, City Water, Electric

Roof Type Asphalt Shingle

Building

Story 2.0000

Foundation Slab

Schools

Elementary Schools Jacox Elementary

Middle Schools Blair Middle

High Schools Granby

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement

Special Listing Condition Disclosure Statement

Real Estate Information Network (REIN)
Listed by EXIT Realty Central

NEARBY SCHOOLS & PROPERTIES

Brandon Diggs

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(757) 921-1312

diggbran@gmail.com

News, Va 23601, United States

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734 Johnson AVE