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8534 Chesapeake Blvd

Norfolk, VA 23503
  • $8,750,000
  • STATUS: Active Under Contract
  • ON SITE: 44 Days
  • ID#: 10614349
Under Contract
UPDATED: 69 min ago
$8,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984

School Information

Elementary School:
Middle School:
High School:

Description

Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.

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www.seasiderealtyva.com/homes/171603724
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8534 Chesapeake Blvd Norfolk, VA 23503

  • Price: $8,750,000
  • Status: Active Under Contract
  • On Site: 44 Days
  • Updated: 69 min ago
  • ID#: 10614349
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
Bayview Estates
Area:
13 - North Norfolk
Elementary School:
Bay View Elementary
Middle School:
Azalea Gardens Middle
High School:
Norview
Property Description
Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.
Exterior Features

Construction Other Exterior Siding Brick Foundation Type Slab Garage YN No Parking Multi Car Roof Asphalt Shingle

Interior Features

Cooling Central Air Flooring Type CarpetCeramic Furnished YN No Heating Forced Hot Air Water Heater Type Electric

Property Features

Apartment Type Townhouse Complex Name Marquis Villas Contingencies Feasibility Study/Due Diligence Contingency Exists Contingent Disclosure Disclosure Statement Ownership Type Simple Possession SETTLEMENT Tax Amount Approx 83606 Utilities City SewerCity WaterElectricTelephone AvailWater Avail Zoning R-13

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Seaside Realty
1209 Independence Blvd
Virginia Beach VA, 23455