1000 Gates AVENorfolk, VA 23507
Listing courtesy of Christian Phillips of Inlet Realty
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 2 months ago | Listing updated with changes from the MLS® | |
| 5 months ago | Listing first seen on site |
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