2500 Leo Street Apartments | 2500 Leo St
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2500 Leo Street Apartments 2500 Leo St
24 Unit Apartment Building $3,825,530 CAD ($159,397 CAD/Unit) 6.47% Cap Rate Norfolk, VA 23504
Investment Highlights
- 24 Units: All Two-Bedrooms
- Quick and Easy Access to I-64, I-264, I-564 and Granby Street
- Recently Renovated Interiors
Executive Summary
The property consists of twenty-four units. All units are two-bedroom, one-bathroom units across three , two story buildings built in 1969 and situated on +/-0.93 acres
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $3,825,530 CAD | Apartment Style | Low Rise |
| Price Per Unit | $159,397 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.93 AC |
| Cap Rate | 6.47% | Building Size | 18,000 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,825,530 CAD |
| Price Per Unit | $159,397 CAD |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 18,000 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 1,012 |
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PROPERTY TAXES
| Parcel Number | 23911700 | Improvements Assessment | $1,915,040 CAD |
| Land Assessment | $518,509 CAD | Total Assessment | $2,433,549 CAD |
PROPERTY TAXES
Parcel Number
23911700
Land Assessment
$518,509 CAD
Improvements Assessment
$1,915,040 CAD
Total Assessment
$2,433,549 CAD
zoning
| Zoning Code | SF-T |
| SF-T |
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2500 Leo Street Apartments | 2500 Leo St
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