This updated 12-unit multifamily property offers a rare combination of immediate income, extensive recent upgrades, and long-term value. With a strong rental history and five stable Section 8 tenants, investors can enjoy consistent returns from day one. 1031 Exchange
Key Highlights & Upgrades:
10 units featuring brand new kitchens and bathrooms
All 12 units are equipped with brand new HVAC systems (2025)
5 units with new water heaters
6 units with new carpet for a modern, refreshed feel
Freshly painted and enhanced stairs and walkways (2024)
Major building systems updated, including main pipeline replacement (2022)
Parking lot resurfaced and fencing installed (2022), improving overall safety and aesthetics
On-site security system for added peace of mind
|
TRACT
|
PARK VIEW - 046
|
YEAR BUILT
|
1966
|
|
COMMUNITY
|
106 - Newport News South
|
COUNTY
|
Newport News
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Carver Elementary |
| Jr. High School |
Crittenden Middle |
| High School |
Heritage |
| APPLIANCES |
Gas Water Heater |
| AREA |
106 - Newport News South |
| CONSTRUCTION |
Other |
| LOT |
0 |
| SEWER |
Public Sewer |
| STYLE |
Other |
| SUBDIVISION |
PARK VIEW - 046 |
| TAXES |
8732 |
| WATER |
Public |
| ZONING |
C2 |
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