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600 74th St
Newport News, VA 23605
New Market Apartments · Immeuble residentiel Bien À vendre
·
12 Lots
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Significant capital improvements totaling approximately $200,000, including HVAC systems, sewer line replacement, and site enhancements.
- In-place gross annual rental income of roughly $150,732, supported by consistent leasing performance.
- Strong operating performance with estimated Net Operating Income of $108,767 and a projected 7.3% cap rate at offering.
- Stabilized occupancy structure with a mix of Section 8 and market-rate tenants, plus assurance of full occupancy at closing.
- Bathroom and interior upgrades across multiple units, enhancing tenant appeal and retention.
- Property positioned for long-term stability with minimal anticipated near-term maintenance costs.
Résumé analytique
New Market Apartments offers investors a stabilized 12-unit multifamily property with significant recent capital improvements, ensuring reduced future maintenance requirements. Approximately $200,000 has been invested in property enhancements, including 12 new HVAC systems, eight new hot water heaters, main sewer line replacement, structural reinforcement, and upgrades to bathrooms, flooring, and site infrastructure. These updates position the asset for long-term durability and tenant satisfaction.
The current tenant mix includes four Section 8 residents and six market-rate renters, with two units in lease-up; the seller will deliver the asset fully leased. Current rental rates average $1,050 per unit, producing steady income supported by government-assisted leases. At the offering price of $1,500,000, the property achieves an estimated Net Operating Income (NOI) of $108,767, translating to an approximate 7.3% cap rate under self-management.
Located in Newport News, the property benefits from strong regional employment drivers, robust transportation infrastructure, and proximity to major highways and economic hubs. This acquisition provides an opportunity for an investor seeking stabilized cash flow, predictable returns, and limited near-term capital investment requirements.
The current tenant mix includes four Section 8 residents and six market-rate renters, with two units in lease-up; the seller will deliver the asset fully leased. Current rental rates average $1,050 per unit, producing steady income supported by government-assisted leases. At the offering price of $1,500,000, the property achieves an estimated Net Operating Income (NOI) of $108,767, translating to an approximate 7.3% cap rate under self-management.
Located in Newport News, the property benefits from strong regional employment drivers, robust transportation infrastructure, and proximity to major highways and economic hubs. This acquisition provides an opportunity for an investor seeking stabilized cash flow, predictable returns, and limited near-term capital investment requirements.
Informations sur l’immeuble
| Prix par lot | 109 527 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,19 ha |
| Taux de capitalisation | 7,25 % | Surface de l’immeuble | 1 059 m² |
| Condition de vente | 1031 Exchange | Occupation moyenne | 100% |
| Nb de lots | 12 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1966/2025 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,11/1 000 m² |
| Style d’appartement | De faible hauteur | ||
| Zonage | C2 / R4 - C2/R4 | ||
| Prix par lot | 109 527 € |
| Type de vente | Investissement |
| Taux de capitalisation | 7,25 % |
| Condition de vente | 1031 Exchange |
| Nb de lots | 12 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,19 ha |
| Surface de l’immeuble | 1 059 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1966/2025 |
| Ratio de stationnement | 0,11/1 000 m² |
| Zonage | C2 / R4 - C2/R4 |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Ventilateurs de plafond
- Cuisine
- Moquette
- Salle à manger
Caractéristiques du site
- Système de sécurité
- Salle de bain privée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 2+1 | 12 | 854,31 € | 88 - 1 059 |
Taxes foncières
| Numéro de parcelle | 279.00-02-14 | Évaluation des aménagements | 560 781 € |
| Évaluation du terrain | 105 146 € | Évaluation totale | 665 927 € |
Taxes foncières
Numéro de parcelle
279.00-02-14
Évaluation du terrain
105 146 €
Évaluation des aménagements
560 781 €
Évaluation totale
665 927 €
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