2811-2815 Colonial Avenue — Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Norfolk, VA 23508

Photos

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Investment Figures

Cap rate
5.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offering memorandum for 2811-2815 Colonial Avenue located in Norfolk, VA. The property consists of eleven units and a retail space. There are eight, one-bedroom & one-bathroom units, three two-bedroom & one-bathroom units and a retail space. 2811-2815 Colonial Avenue was built in 1910 and situated on 0.86 ac. Investment Highlights: • 11 Units + SFH + Retail: A mix of one- & two-bedroom units • TRANSIT ORIENTED Easy access to I-64, I-264, I-564, and Granby Street • easy access to numerous employment centers Within 10 minutes from Norfolk International Airport, IKEA, and Simon Premium Outlet Mall

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Norfolk, VA — view the full market.

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