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1001-1005 Little Bay Ave
Norfolk, VA 23503

Multifamily Property For Sale · 16 Units

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.47 AC
Building Size 14,046 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1953/2019
Parking Ratio 0.85/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Carpet

Site Amenities

  • Waterfront

About 1001-1005 Little Bay Ave , Norfolk, VA 23503

Great opportunity to own 2-8 unit apartment buildings on Wiloughby Bay. Water front private beach, first building is being 100% renovated second building needs value add, owner can be VERY creative. Don't want to buy it you could be an equity partner. Apartments can be used as long term rentals, Air bnb, or Corporate rentals, you could throw a rock to Norfolk Navel Base. These units will be renovated to luxury status with washer and dryer, in unit, central heating and air, Granite counter tops, with hardwood flooring throughout. Walk out the door to your own oasis, private beach. Property comes with an extra lot.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 $950.00 700

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 28750750
  • 28750910
Land Assessment
$915,201
Improvements Assessment
$2,315,647
Total Assessment
$3,230,848

zoning

Zoning Code R-12
R-12
  • Listing ID: 17768837

  • Date on Market: 2019-11-19

  • Last Updated:

  • Address: 1001-1005 Little Bay Ave, Norfolk, VA 23503

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