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About This Home
This 0-bedroom, 0-bathroom single family at 831 W Ocean View Avenue in Norfolk, VA is listed for $2,550,000. Built in 1965, on a N/A lot.
831 W Ocean View Ave in Norfolk offers a rate 16-unit, 2BR/1BA multifamily opportunity featuring true Class A finishes throughout. Investors will appreciate the premium unit quality and strong tenant appeal in the Ocean View submarket, minutes to the beach, dining and major commuter routes.
The property has already been converted to condominiums, creating multiple exit strategies--operate as a stabilized rental, execute a phased or bulk condo sell-ff, or pursue a hybrid approach to maximize returns. Offered at a never-before-seen price of $2,550,000, this asset presents an exceptional basis for a high-finish, boutique portfolio addition or 1031 exchange replacement. Request offering memorandum, financials and condo documentation from broker. Tours by appointment only--please do not disturb residents.
Key Features
- Built in 1965
Property Details
Amenities
Monthly Cost Estimate
$13,638/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
831 W Ocean View Avenue
Norfolk, VA 23503
WILLOUGHBY BEACH
Property Details
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 831 W Ocean View Avenue is listed at $2,550,000. The estimated monthly payment is $11,050 based on 20% down at 6.5% interest.
Key features include: Built in 1965.
This property is listed by Christian Phillips and can be reached at (757) 675-5164 or christian@inletrealty.com.
