1000 Gates AVE Norfolk, VA $ 3,000,000
1000 Gates AVE
$ 3,000,000
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1000 Gates AVE

Norfolk, VA, 23507
$ 3,000,000
Baths0.0

Monthly Estimate*

$ 19,939

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Studio

Apartment for sale in Norfolk, VA

for $3,000,000. This apartment was built in 1918.

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!

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Apartment Active

Price

$ 3,000,000

Bedrooms

Studio

Property Type

Apartment

Taxes

$ 21,240

Style

Apartments 3+

Year Built

1918

Town/City

Norfolk

County/Region

Norfolk City

MLS | Web ID

10534213

Features
General
Construction Other
Heating Heat Pump W/A
Cooling Central Air
Utilities City Sewer City Water Electric Telephone Avail
Ownership Type Simple
Roof Poly Skin
Parking Off Street Street
Property Type Apartments 3+
Area 11 - West Norfolk
Subdivision Name WEST GHENT
Elementary School Walter Herron Taylor Elementary
High School Maury
Middle School Blair Middle
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Exterior
Siding Brick
Foundation Basement
Garage Y/N 0
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* Excluded Features
List By
Christian Phillips

Listing Agent

Inlet Realty

Broker

Affordability Calculator

$21,709
Per Month
92%
8%
0%
Monthly Principal & Interest
$19,939
Monthly Property Taxes
$1,770
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
239004 Elementary School
239388 Middle School
Maury High School High School

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1000 Gates AVE, Norfolk, VA, 23507 is a Apartment for sale at $3,000,000. 1000 Gates AVE is a studio with 0.0 baths and was built in 1918. The property's zip code is 23507 which is in Norfolk, VA