List Search

600 74th St
Newport News, VA 23605 Briarfield

$1,500,000 USD

Apartments For Sale  •  11,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,400 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1966
  • Zoning C2 / R4
30 Transit Score
40 Walk Score

Highlights

Significant capital improvements totaling approximately $200,000, including HVAC systems, sewer line replacement, and site enhancements.
Stabilized occupancy structure with a mix of Section 8 and market-rate tenants, plus assurance of full occupancy at closing.
In-place gross annual rental income of roughly $150,732, supported by consistent leasing performance.
Bathroom and interior upgrades across multiple units, enhancing tenant appeal and retention.
Strong operating performance with estimated Net Operating Income of $108,767 and a projected 7.3% cap rate at offering.
Property positioned for long-term stability with minimal anticipated near-term maintenance costs.

Property Flyers

Amenities

  • Air Conditioning
  • Security System
  • Ceiling Fans
  • Kitchen
  • Carpet
  • Dining Room
  • Private Bathroom

Public Transportation

AirportDriveWalkDistance
Newport News/Williamsburg International 19 min - 9.9 mi
Norfolk International 34 min - 21.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Baylee Wang 757-782-5423 Harvey Lindsay Commercial Real Estate
Baylee Wang 757-782-5423 Harvey Lindsay Commercial Real Estate