Pelham Place | 521 Boissevain Ave
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Pelham Place 521 Boissevain Ave Immeuble residentiel 74 lots À vendre Norfolk, VA 23507
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- The Offering: 74-unit multifamily in Norfolk’s Ghent neighborhood with strong mix of studios, 1BRs, split-levels, and 2BRs.
- Diverse Unit Mix: 34 studios, 20 one-bedrooms, 16 split-levels, and 4 two-bedrooms attract a wide range of tenants.
- Transit Access: Next to multiple bus stops and Tide Light Rail with easy access to ODU, NSU, airport, and Virginia Beach.
- Prime Walkable Location: Steps from top attractions, restaurants, schools, and lifestyle amenities in North Ghent and the Neon District.
- Value-Add Potential: Rents 35–40% below market; most units in classic condition—ideal for upgrades and rent growth.
- High-Demand Market: Located in a supply-constrained, amenity-rich submarket with strong rental demand and long-term upside.
RÉSUMÉ ANALYTIQUE
THE OFFERING:
A rare opportunity to acquire a 74-unit, multifamily community in Norfolk’s highly desirable Ghent neighborhood. The property consists of 34 studio, 20 one-bedroom, 16 one-bedroom split-level, and 4 two-bedroom apartments. Located in the heart of Norfolk’s highly desirable Ghent neighborhood the property is a short walk from Norfolk’s top attractions and employers. Renovated units in the submarket are achieving substantial rental premiums, offering new ownership an opportunity to capture best-in-market rental growth through interior upgrades.
PRIME LOCATION WALKABLE TO ATTRACTIONS:
Situated on the edge of North Ghent Historic District and Neon District, the property is walking distance from some of the area’s top attractions including; Chrysler Museum of Art, Stockley Gardens, Harrison Opera House, and many more. There are also a number of schools and restaurants within walking distance making this a sought-after location. The proximity to these attractions and lifestyle amenities will continue to drive market-leading demand in this submarket, putting new ownership in a position to benefit from a highly desirable market with strong economic fundamentals and trends.
UNTAPPED VALUE-ADD OPPORTUNITY:
The majority of units are in classic condition, leaving new ownership with a significant opportunity to the upgrade units in a submarket that can support significant rental increases. The average rent across the property is 35-40% below market. Presenting new ownership with the opportunity to capture significant rental increases following interior upgrades.
IMMEDIATE ACCESS TO PUBLIC TRANSPORTATION:
The Property is adjacent to multiple bus stops and the Tide Light Rail. The bus stops connect riders to major destinations throughout Hampton Roads like Old Dominion University, Norfolk International Airport, and Virginia Beach. The Tide Light Rail provides tenants direct access to Norfolk State University. This immediate access provides tenants the flexibility to rely on public transportation, if so desired.
A rare opportunity to acquire a 74-unit, multifamily community in Norfolk’s highly desirable Ghent neighborhood. The property consists of 34 studio, 20 one-bedroom, 16 one-bedroom split-level, and 4 two-bedroom apartments. Located in the heart of Norfolk’s highly desirable Ghent neighborhood the property is a short walk from Norfolk’s top attractions and employers. Renovated units in the submarket are achieving substantial rental premiums, offering new ownership an opportunity to capture best-in-market rental growth through interior upgrades.
PRIME LOCATION WALKABLE TO ATTRACTIONS:
Situated on the edge of North Ghent Historic District and Neon District, the property is walking distance from some of the area’s top attractions including; Chrysler Museum of Art, Stockley Gardens, Harrison Opera House, and many more. There are also a number of schools and restaurants within walking distance making this a sought-after location. The proximity to these attractions and lifestyle amenities will continue to drive market-leading demand in this submarket, putting new ownership in a position to benefit from a highly desirable market with strong economic fundamentals and trends.
UNTAPPED VALUE-ADD OPPORTUNITY:
The majority of units are in classic condition, leaving new ownership with a significant opportunity to the upgrade units in a submarket that can support significant rental increases. The average rent across the property is 35-40% below market. Presenting new ownership with the opportunity to capture significant rental increases following interior upgrades.
IMMEDIATE ACCESS TO PUBLIC TRANSPORTATION:
The Property is adjacent to multiple bus stops and the Tide Light Rail. The bus stops connect riders to major destinations throughout Hampton Roads like Old Dominion University, Norfolk International Airport, and Virginia Beach. The Tide Light Rail provides tenants direct access to Norfolk State University. This immediate access provides tenants the flexibility to rely on public transportation, if so desired.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 0,47 ha |
| Nb de lots | 74 | Surface de l’immeuble | 6 875 m² |
| Type de bien | Immeuble residentiel | Occupation moyenne | 91% |
| Sous-type de bien | Appartement | Nb d’étages | 2 |
| Style d’appartement | De faible hauteur | Année de construction | 1961 |
| Classe d’immeuble | C | Ratio de stationnement | 0,07/1 000 m² |
| Zonage | HC-G2 - Ghent Historic and Cultural Conservation District | ||
| Type de vente | Investissement |
| Nb de lots | 74 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,47 ha |
| Surface de l’immeuble | 6 875 m² |
| Occupation moyenne | 91% |
| Nb d’étages | 2 |
| Année de construction | 1961 |
| Ratio de stationnement | 0,07/1 000 m² |
| Zonage | HC-G2 - Ghent Historic and Cultural Conservation District |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Balcon
- Raccord machine à laver/sèche-linge
- Chauffage
- Ventilateurs de plafond
- Cuisine
- Réfrigérateur
- Four
- Baignoire/Douche
- Moquette
- Cour
- Terrasse en bois
- Pièce de détente
- Congélateur
- Sol en vinyle
CARACTÉRISTIQUES DU SITE
- Laverie
- Property Manager sur place
- Surveillance vidéo
- Service d’emballage
- Entretien sur site
- Transports en commun
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| Studios | 33 | - | 45 - 46 |
| 1+1 | 36 | - | 79 - 111 |
| 2+1 | 5 | - | 88 |
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Walk Score®
Très praticable à pied (73)
TAXES FONCIÈRES
| N° de parcelle | Évaluation des aménagements | 4 205 704 € | |
| Évaluation du terrain | 1 022 958 € | Évaluation totale | 5 228 662 € |
TAXES FONCIÈRES
N° de parcelle
Évaluation du terrain
1 022 958 €
Évaluation des aménagements
4 205 704 €
Évaluation totale
5 228 662 €
CONTACTS
-
Otto Snell -
Kyle Tangney -
Nicholas Goble -
Herb Schwat -
Yassi Ghashghai -
Greysteel Holdings
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
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Pelham Place | 521 Boissevain Ave
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