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About This Home

This 0-bedroom, 0-bathroom multi-family at 8534 Chesapeake Boulevard in Norfolk, VA is listed for $8,750,000. Built in 1984, on a N/A lot.

Agent Description

Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates.

The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.

Key Features

  • Built in 1984
  • 2 stories

Property Details

2 stories
1984

Monthly Cost Estimate

$46,797/mo

20% down · 6.5% · 30 years

Principal$6,328
Interest$37,917
Insurance$2,552

Estimates only. Actual payments may vary.

Location

8534 Chesapeake Boulevard

Norfolk, VA 23503

BAYVIEW ESTATES

Property Details

Flooring

Carpet

Construction

Brick

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 8534 Chesapeake Boulevard is listed at $8,750,000. The estimated monthly payment is $37,917 based on 20% down at 6.5% interest.

Key features include: Built in 1984, 2 stories.

This property is listed by Trey Decker and can be reached at 7576900439 or TDecker@rwtowne.com.

TD

Trey Decker

Agent at BHHS RW Towne Realty

(757) 690-0439

Listed by BHHS RW Towne Realty · View on Broker Site

MLS# 10614349· Source: listhub· Updated 102 days ago

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8534 Chesapeake Boulevard, Norfolk, VA 23503

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