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600 74th St , #12

Newport News, VA 23605
  • $1,600,000
  • STATUS: Active
  • ON SITE: 97 Days
  • ID#: 10596064
UPDATED: 65 min ago
$1,600,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966

School Information

Elementary School:
Middle School:
High School:

Description

This updated 12-unit multifamily property offers a rare combination of immediate income, extensive recent upgrades, and long-term value. With a strong rental history and five stable Section 8 tenants, investors can enjoy consistent returns from day one. 1031 Exchange Key Highlights & Upgrades: 10 units featuring brand new kitchens and bathrooms All 12 units are equipped with brand new HVAC systems (2025) 5 units with new water heaters 6 units with new carpet for a modern, refreshed feel Freshly painted and enhanced stairs and walkways (2024) Major building systems updated, including main pipeline replacement (2022) Parking lot resurfaced and fencing installed (2022), improving overall safety and aesthetics On-site security system for added peace of mind

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www.levyandassociatesrealtors.com/homes/166608253
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600 74th St , #12 Newport News, VA 23605

  • Price: $1,600,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 65 min ago
  • ID#: 10596064
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Park View - 046
Area:
106 - Newport News South
Elementary School:
Carver Elementary
Middle School:
Crittenden Middle
High School:
Heritage
Property Description
This updated 12-unit multifamily property offers a rare combination of immediate income, extensive recent upgrades, and long-term value. With a strong rental history and five stable Section 8 tenants, investors can enjoy consistent returns from day one. 1031 Exchange Key Highlights & Upgrades: 10 units featuring brand new kitchens and bathrooms All 12 units are equipped with brand new HVAC systems (2025) 5 units with new water heaters 6 units with new carpet for a modern, refreshed feel Freshly painted and enhanced stairs and walkways (2024) Major building systems updated, including main pipeline replacement (2022) Parking lot resurfaced and fencing installed (2022), improving overall safety and aesthetics On-site security system for added peace of mind
Exterior Features

Construction BlockConcrete Exterior Siding Brick Foundation Type Slab Garage YN No Parking Assigned/ReservedLot Roof Asphalt Shingle

Interior Features

Cooling Central Air Dishwashers 0 Disposals 0 Dryers 0 Flooring Type CarpetLaminate/LVP Furnished YN Yes Heating Forced Hot Air Ranges 1 Refrigerators 1 Washers 0 Water Heater Type Gas

Property Features

Apartment Type Garden Complex Name Newmarket Apt Contingency Exists Non Contingent Disclosure Owner Agent Ownership Type Simple Possession SETTLEMENT Tax Amount Approx 8732 Utilities City SewerCity WaterElectricGasGas AvailMeter Zoning C2

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