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1318 Little Bay Avenue, Norfolk, VA 23503

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For Sale

$2,350,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Apartment
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

1314-1318 Little Bay Avenue presents a rare opportunity to own a 20-unit, one-bedroom, one-bath multifamily property in sought-after Norfolk, VA. With six current vacancies, this property offers tremendous value-add potential, including separating water from rent, turning select units, adding laundry in the units, bringing existing rents to market rates, and filling all vacancies.The two buildings are in excellent condition, featuring newer roofs, windows, and well-maintained brick siding. Property has a common area laundry with coin operated machines. Baseboard heat and wall AC make for low maintenance costs. To maximize appeal, envision adding a mural to enhance its coastal charm and solidify its place in this sought-after community. Don t miss this chance to capitalize on a well-maintained property with exceptional upside!
MLS# 10565235

Courtesy Of Inlet Realty and Property Management, inc

(757) 276-3330

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Appliances
    Dryer, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Laminate, Vinyl
  • Roof Type
    Asphalt

Map and Directions

Directions to 1318 Little Bay Avenue, Norfolk, VA 23503

Home seller CENTURY 21 Top Producers

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CENTURY 21 Top Producers

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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