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$2,800,000
165 Days On Site

1000 Gates AVE
Norfolk, VA 23507

For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1918
Built
Subdivision:
WEST GHENT
County:
Norfolk
Courtesy of REIN Inc.
Listing courtesy of Christian Phillips of Inlet Realty
Call Now: +1(757) 550-0372
Is this the home for you? We can help make it yours.
+1(757) 550-0372
1000 Gates AVE1000 Gates AVE1000 Gates AVE1000 Gates AVE
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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 6.2% 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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Listing Snapshot
Price 
$2,800,000
Days On Site 
165 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1918
MLS® Number 
10543035
Status 
Active
Property Tax 
$21,240
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Disclosures 
Disclosure Statement
Number Of Stories 
3
Parking 
Off StreetOn Street
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Appliances 
Electric Water HeaterDishwasherDryerDisposalRangeRefrigeratorWasher
Cooling 
Central Air
Flooring 
Ceramic TileWood
Heating 
Heat Pump
Laundry Features 
Main Level
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
11 - West Norfolk
Schools
School District
Unknown
Elementary School
Walter Herron Taylor Elementary
Middle School
Blair Middle
High School
Maury


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Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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