1000 Gates Avenue, Norfolk VA 23507

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$2,800,000

1000 Gates Avenue, Norfolk, VA 23507

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1918

Full Baths

Half Baths

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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
Subdivision	WEST GHENT
County	-
Elementary School	Walter Herron Taylor Elementary
Middle School	Blair Middle
High School	Maury

Exact location data not provided

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Open houses

None scheduled.

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MLS number: 10543035

Listing agent: Christian Phillips

Listing broker: Inlet Realty And Property Management, Inc (757) 675-5164

Copyright © 2024 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, November 8 2024 at 12:35 p.m. EST

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