824 Post Avenue, Central Chesapeake, VA 23324
- $5,625,000
- List Price
- $5,625,000
- Status
- ACTIVE
- MLS#
- 10620196
- Year Built
- 1970
- County
- Chesapeake VA
- City
- Central Chesapeake
- Subdivision
- South Norfolk
Property Description
Sunnybrook Apartments (824 Post Ave and 2127 Chesapeake Drive, Chesapeake, VA) is a 48-unit multifamily community in the Hampton Roads metro, positioned for cash flow and upside. The property offers an attractive unit mix of forty-four (44) 2BR/1BA and four (4) 1BR/1BA apartments, supporting broad renter demand. Offered at a $5,625,000 list price, buyers may benefit from assumable financing of approximately $3.5M at 5.7% interest (subject to lender approval), helping reduce interest-rate uncertainty and enhance leverage. The Chesapeake location provides convenient access to retail, dining and commuter routes. A compelling value-add story exists through rent optimization, interior upgrades and operational efficiencies as units turn. Ideal for 1031 exchange or portfolio expansion. Contact broker for offering memorandum, rent roll and financials. Tours by appointment only - please do not disturb residents.
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Additional Information
- Heating
- Basebd
- Cooling
- Window/Wall
- Roof
- Asphalt Shingle, Poly Skin
- Floors
- Laminate/LVP
- Exterior
- Brick
- Parking Description
- Lot, Off Street
- Elementary School
- Rena B. Wright Primary
- Middle School
- Oscar Smith Middle
- High School
- Oscar Smith
- Contingency Exists
- Non Contingent
- Days on Market
- 125
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Listing courtesy of Inlet Realty.
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