Fully occupied brick building featuring ten 2-bedroom, 1-bath units in a convenient Norfolk location. Current monthly rents total $11, 520, providing strong in-place cash flow from day one with room for long-term upside through strategic rent increases and value-add improvements. Simple, efficient floor plans appeal to residents and help control turnover. Off-street parking and easy access to major roads, schools, and employment centers make this a consistently desirable rental property. A great chance to add a stable, income-producing asset to your portfolio.
Property Features
Bedrooms
Bathrooms
Appliances
Heating and Cooling
- Cooling Features: Window Unit(s) A/C
- Heating Fuel: Electric
Interior Features
- Flooring: Carpet, Laminate, Tile - Ceramic, Wood
Other Property Info
- Annual Tax Amount: 11582
- Source Listing Status: Active
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: KENILWORTH - 126
- Subdivision: KENILWORTH - 126
- Zoning: R-12
- Property Subtype: Apartment
- Source System Name: C2C
Building and Construction
- Year Built: 1972
- Building Exterior Type: Brick, Vinyl Siding
- Property Age: 54
- Roof: Asphalt
- Levels or Stories: 2.0
- Structure Type: Apartments 3+