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Crossroads Landing Portfolio

7922 Old Ocean View Rd, Norfolk, VA 23518, USA

For Sale

Unpriced

Investment Highlights

  • Average in-place rents of $1,265 per unit ($1.45 PSF)

  • Over $2.6M invested to date across the two properties ($1.4M at Crossroads Landing, $1.3M at Crossroads Landing East)

  • 95 of 144 units have completed the interior renovation program ($15,500 per unit, $200 monthly rent premium); 49 units remain

  • In-place NOI of $966K, projected to reach $1.22M in Year One

  • Pro forma rent growth of 4.5%, though current market comparables suggest $150–$200 of additional upside per unit

Property Details

Property Name

Units

Status

Year Built

Crossroads Landing Portfolio

144

For Sale

1964

Property Location

7922 Old Ocean View Rd, Norfolk, VA 23518, USA

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