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1443 W Ocean View Ave
Norfolk, VA 23503
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily <ul><li><ul><li><strong>High Demand Beach Community:</strong> Direct access to the Chesapeake Bay and consistent occupancy drive by limited waterfront housing</li><li><strong>High Barrier of Entry for New Multifamily Supply:</strong> Limited land, coastal zoning and elevated costs restrict new development</li><li><strong>Incredible Operation Upside Opportunity:</strong> Interior upgrades support rent growth and value appreciation</li><li><strong>Easy Access to Numerous Employment Centers &
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
