1075 W Ocean View Avenue, North Norfolk, VA 23503

$1,350,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,350,000
MLS#
10647916
Year Built
1962
Stories
2
Subdivision
Willoughby Beach

Property Description

Just one block from the Chesapeake Bay, 1075 W Ocean View Ave offers a rare opportunity to acquire a fully renovated, professionally managed 8-unit apartment building in one of Norfolk's most sought-after coastal rental markets. Comprised of four one-bedroom and four two-bedroom residences, the property underwent an extensive renovation in 2021, featuring modern interiors, updated building systems, mini-split HVAC throughout, repaved parking, and inviting outdoor common spaces. Additional features include 10 off-street parking spaces and an on-site laundry room. Just minutes from Naval Station Norfolk, I-64, and Ocean View's beaches, this turnkey investment combines strong in-place income with long-term upside in one of the region's most resilient multifamily corridors.

Additional Information

Heating
Electric
Cooling
Other
Exterior
Vinyl
Roof
Asphalt Shingle
Elementary School
Willoughby Elementary
Middle School
Northside Middle School
High School
Granby

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of BHHS RW Towne Realty.