8534 Chesapeake Boulevard, Norfolk, VA 23503
- $8,750,000
- Sold Price
- $8,750,000
- Status
- SOLD
- MLS#
- 10614349
- Closing Date
- Apr 27, 2026
- Year Built
- 1984
- County
- Norfolk VA
- City
- Norfolk
- Subdivision
- Bayview Estates
Property Description
Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.
Additional Information
- Heating
- Forced Hot Air
- Cooling
- Central Air
- Roof
- Asphalt Shingle
- Floors
- Carpet, Ceramic
- Exterior
- Brick
- Parking Description
- Multi Car
- Elementary School
- Bay View Elementary
- Middle School
- Azalea Gardens Middle
- High School
- Norview
- Contingency Exists
- Non Contingent
- Days on Market
- 119
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Listing courtesy of BHHS RW Towne Realty. Selling Office: .
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