Azalea Garden Apartments — Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Norfolk, VA 23513

Investment Figures

Cap rate
6.54%

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

The property consists of twenty units total. There are twenty, one-bedroom and one-bathroom units. Azalea Garden was built in 1973 and situated on +/- 0 .54 acres. Investment Highlights: • 20 Units: All One-Bedroom & One-Bathroom • Central Location to Major Employers: Norfolk Air Station, Little Creek Base & Norfolk Naval Shipyard • Easy Access to Major Transit: HRBT, CBBT & I-64

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in Norfolk, VA — view the full market.

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