625 West Princess Anne Road | 625 W Princess Anne Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
625 West Princess Anne Road 625 W Princess Anne Rd
8 Unit Apartment Building $2,844,260 CAD ($355,532 CAD/Unit) 6.09% Cap Rate Norfolk, VA 23517
Executive Summary
Fully occupied brick 8 unit building. This building has had multiple units fully renovated, and has a couple others in good condition that could be value added if desired. Hardwood in almost all areas, newer kitchens, granite countertops, stainless appliances, and washer/dryer hookups in each unit. Private parking in the rear of the building. Great investment opportunity in Ghent.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,844,260 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $355,532 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.09% | Building Size | 14,680 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Price | $2,844,260 CAD |
| Price Per Unit | $355,532 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 14,680 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1908 |
| Parking Ratio | 0.54/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 8 | - | 1,600 |
1 of 1
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 17369900 | Total Assessment | $1,519,898 CAD |
| Land Assessment | $300,334 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,219,564 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
17369900
Land Assessment
$300,334 CAD
Improvements Assessment
$1,219,564 CAD
Total Assessment
$1,519,898 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | HCG2 |
| HCG2 |
1 of 49
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
625 West Princess Anne Road | 625 W Princess Anne Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.