131 Hough AVENorfolk, VA 23523
Listing courtesy of Micah Lee of Seaside Realty
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Monthly Payment (Est.)
$3,194Investor-ready 6-unit, 6,867 SF apartment building in Norfolk with updated systems and strong income potential. Each 2–3BR/1BA unit is approx. 1,040 SF with living room, kitchen, and laundry. All units have been renovated—Unit 3 just completed and is move-in ready. Recent upgrades include a new roof (2021), six HVAC units, three tankless water heaters, LED-lit common areas, and updated windows. Crawlspace/basement features a new vapor barrier and is in excellent condition. Property includes balconies, storage, and separate meters. Current rent is $5,500/mo with full market potential of $6,600/mo once fully occupied. Units 4–6 have converted sitting rooms offering 3BR layouts to boost ROI. Professional property management currently in place and available for seamless ownership transition. Convenient to downtown, military bases, and transit. Turnkey investment offering strong cash flow and long-term stability in a growing rental market.
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Status changed to Pending | |
| 7 days ago | Listing first seen on site |
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