Fully rented four-unit building in a strong Norfolk rental area, with all units featuring 2 bedrooms and a total monthly rent roll of $4,260. Clean, functional layouts appeal to long-term residents and keep turnover low, while the 2BR floor plans remain in high demand. This property delivers solid, in-place income… Read More from day one with upside over time through targeted rent increases and value-add improvements. Conveniently located near major roads, bases, shipyards, and employment centers, 1314 Reservoir Ave is a great opportunity to scale your portfolio with an efficient, easy-to-manage multifamily asset. Please do not disturb tenants under any circumstances. Read Less
Courtesy of Ron Wilson, Inlet Realty. Office contact: 757-276-3330
Listing Snapshot
Days Online
42
Last Updated
Property Type
Multi Family
Year Built
1954
MLS Number
10610807
30 Days Snapshot Of 23504
$270k
0%
(avg) sold price
21
+10%
homes sold
31
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
Window Treatments
Appliances & Equipment
Appliances Ranges: 4, Appliances Refrigerators: 4
Building
2 stories, Built around 1954, Frame
Cooling
Window/Wall
Disclosures
Disclosure Statement
Exterior Features
Brick
Floors
Carpet, Ceramic, Laminate/LVP
Foundation
Slab
Heating
Basebd
Parking
Assigned/Reserved, Lot
Property
4 total units, Zoning: R-11
Roof
Asphalt Shingle
Taxes
Approximate Tax Amount: $4,183
Utilities
Water Heater Type: Electric, City Sewer, City Water, Electric
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