1000 Gates Avenue Norfolk, VA 23507
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 5.68% 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.
- Property TypeMulti-Family
- NeighborhoodGhent
- CountyNorfolk Va
- Taxes$21,240
- HOA/Condo/Coop Fees$0
- Days on Site1 Day
- MLS StatusActive
- MLS ID Number10543035
- Home Size Source N/A
- Year Built1918
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction OtherBrick
- Parking Off StreetStreet
- Number of Stories 3
- Utilities Sewer AvailableWater AvailableElectricity AvailablePhone Available
Interior Features
- Cooling Central Air
- Heating Heat Pump
- Flooring CeramicWood
- Fireplace No
Community Features
- MLS Area 11 - West Norfolk