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2127-2129 Chesapeake Dr
Chesapeake, VA 23324 South Norfolk

$5,900,000 USD

Apartments For Sale • 37,700 SF

Property Details

Property Type Apartments
Total Building Size 37,700 SF
Lot Size 2.1 AC
Building Class C
Year Built 1966
Cap Rate 7.39 %
Zoning RMF-1

30 Transit Score

48 Walk Score

                
                    Highlights
                
                                Remodeled units in past two years
                            
                                Low maintenance costs
                            
                                Strong ROI potential

Property Flyers

Sunnybrook T12

Sunnybrook OM 10.24

Financial Summary (Proforma)

Net Operating Income: $504,728 USD (2024)

Cap Rate:

7.39 %

Amenities

Laundry Facilities
Kitchen
Refrigerator
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norfolk (Northeast Regional - Amtrak)	7 min	-	3.9 mi
Airport	Drive	Walk	Distance
Norfolk International	19 min	-	9.2 mi
Newport News/Williamsburg International	48 min	-	32.0 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Type:	Reserved
Included in Rent:	Yes

Christian Phillips 757-276-3330 Inlet Realty and Property Management

2127-2129 Chesapeake Dr Chesapeake, VA 23324 South Norfolk