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$1,350,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Willoughby Beach
MLS Listing ID 10647916
HOA Y/N No
Year Built 1962
Annual Tax Amount $10,990
Property Description
Just one block from the Chesapeake Bay, 1075 W Ocean View Ave offers a rare opportunity to acquire a fully renovated, professionally managed 8-unit apartment building in one of Norfolk's most sought-after coastal rental markets. Comprised of four one-bedroom and four two-bedroom residences, the property underwent an extensive renovation in 2021, featuring modern interiors, updated building systems, mini-split HVAC throughout, repaved parking, and inviting outdoor common spaces. Additional features include 10 off-street parking spaces and an on-site laundry room. Just minutes from Naval Station Norfolk, I-64, and Ocean View's beaches, this turnkey investment combines strong in-place income with long-term upside in one of the region's most resilient multifamily corridors.
Location
State VA
County Norfolk
Area 13 - North Norfolk
Zoning R-12
Interior
Hot Water Gas
Heating Electric
Cooling Other
Flooring Laminate/LVP
Exterior
Parking Features Assigned/Reserved, Multi Car, Driveway Spc
Utilities Available City Sewer, City Water, Electric
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Crawl
Schools
Elementary Schools Willoughby Elementary
Middle Schools Northside Middle School
High Schools Granby
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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Listed by BHHS RW Towne Realty
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