849 West 43rd Street

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849 West 43rd Street

Norfolk, VA 23508
Asking Price
$2.23M
Cap Rate
8.35%
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

ODU Student Housing Portfolio | 5 Single-Family Rentals on 7 Parcels | 8.35% Cap Rate <p>Turnkey student housing investment consisting of five fully leased single-family rental homes (seven total parcels) located near Old Dominion University, generating $214,800 in annual gross rental income at an 8.35% cap rate with leases secured through Summer 2027. </p><p></p><ul><li>​<strong>5 Single-Family Rental Homes | 7 Total Parcels</strong></li><li>​<strong>Located Near Old Dominion University</strong></li><li>​<strong>100% Occupied with ODU Student Tenants</strong></li><li>​<strong>Le

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NOI
$80,000
Cap Rate
3.58%
DSCR
0.60
Underwater
Cash-on-Cash
-7.86%
Monthly Payment
$11,057.561
Annual Cash Flow
$-52,690.726

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