$ 2,800,000
1000 Gates AVE Norfolk, VA 23507
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,800,000
Est. payment /mo
Active
1000 Gates AVE Norfolk, VA 23507
UPDATED:
10/08/2024 03:48 PM
Key Details
Property Type Multi-Family, Condo
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
Parking Features 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