1075 W Ocean View AVE, Norfolk, VA 23503
1075 W Ocean View AVE, Norfolk, VA 23503
1075 W Ocean View AVE, Norfolk, VA 23503
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Otis Humphreys

Otis Humphreys

+1(757) 218-8000
$1,350,000
Est. payment /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Willoughby Beach

MLS Listing ID 10647916

HOA Y/N No

Year Built 1962

Annual Tax Amount $10,990

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.

Location

State VA

County Norfolk

Area 13 - North Norfolk

Zoning R-12

Interior

Hot Water Gas

Heating Electric

Cooling Other

Flooring Laminate/LVP

Exterior

Parking Features Assigned/Reserved, Multi Car, Driveway Spc

Utilities Available City Sewer, City Water, Electric

Roof Type Asphalt Shingle

Building

Story 2.0000

Foundation Crawl

Schools

Elementary Schools Willoughby Elementary

Middle Schools Northside Middle School

High Schools Granby

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement

Special Listing Condition Disclosure Statement

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Listed by BHHS RW Towne Realty

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Otis Humphreys

Otis Humphreys

+1(757) 218-8000

Professional Real Estate Agent/Investor | License ID: 225268614

Professional Real Estate Agent/Investor License ID: 225268614

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