2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of ''meat on the bone.'' The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave… Read More room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates.A;A;Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level Read Less
Courtesy of Christian Phillips, Inlet Realty. Office contact: 757-276-3330
Listing Snapshot
Days Online
361
Last Updated
Year Built
1969
MLS Number
10610417
Additional Details
Building
Built in 1969
Cooling
Window/Wall
Heating
Electric, Radiant
Roof
Asphalt Shingle
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