Auction Details
7 Unit Apartment Building
Live On-Site Auction with Online Bidding
Began:
Friday, July 15, 2011 at 10:00 AM EDT
Location: 1866 Ocean View Ave,
Norfolk,
VA
23503
Inspection
Began:
Friday, July 08, 2011 at 10:00 AM EDT
Ended:
Friday, July 08, 2011 at 12:00 PM EDT
Location: 1866 Ocean View Ave,
Norfolk,
VA
23503
Inspection
Began:
Saturday, July 09, 2011 at 10:00 AM EDT
Ended:
Saturday, July 09, 2011 at 12:00 PM EDT
Location: 1866 Ocean View Ave,
Norfolk,
VA
23503
Details
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Now available only at auction is a wonderful opportunity to purchase an established income producer. This two level 7 unit apartment complex is situated on the beach front of the spectacular Chesapeake Bay. This multiplex unit consists of-- one ocean view, 2 level 3 bedroom master unit, four (4)-two bedroom apartments, and a detached 7th one bedroom Carriage House unit facing highly travelled Ocean View Avenue. This property could allow the purchaser to operate this fantastic facility with a handsome cash flow by investing in the needed updates and repairs. Property features are courtyard parking, brick construction, beach front and private beach access, clear view of the Chesapeake Bay where dolphins can be seen on a daily basis.
Whether as an apartment complex, a condominium conversion, or a new home site this is a rare opportunity to purchase a true investment.
Auction Terms
Positive ID and $10,000 certified check (made payable to bearer) required to register. 10% deposit day of auction with balance due at closing in 20 business days. 10% Buyers Premium. All information was gathered from sources deemed reliable and is provided as a courtesy of United Country-A.B. Cole & Associates, Auction & Realty. It is the responsibility of the bidder to verify all information to their satisfaction. Announcements made day of sale take precedence over all material, printed or electronic.


A.B. Cole & Associates, Inc.
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