This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1001-1005 Little Bay Ave
Norfolk, VA 23503
Multifamily Property For Sale · 16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 14,046 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1953/2019 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Lot Size | 0.47 AC |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 14,046 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2019 |
| Parking Ratio | 0.85/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Site Amenities
- Waterfront
About 1001-1005 Little Bay Ave , Norfolk, VA 23503
Great opportunity to own 2-8 unit apartment buildings on Wiloughby Bay. Water front private beach, first building is being 100% renovated second building needs value add, owner can be VERY creative. Don't want to buy it you could be an equity partner. Apartments can be used as long term rentals, Air bnb, or Corporate rentals, you could throw a rock to Norfolk Navel Base. These units will be renovated to luxury status with washer and dryer, in unit, central heating and air, Granite counter tops, with hardwood flooring throughout. Walk out the door to your own oasis, private beach. Property comes with an extra lot.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $950.00 | 700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,612,500 | |
| Land Assessment | $637,300 | Total Assessment | $2,249,800 |
PROPERTY TAXES
zoning
| Zoning Code | R-12 |
| R-12 |
Learn More About Investing in Apartment Buildings
