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824 Post Avenue
Chesapeake, VA 23324
Christian Phillips with Inlet Realty, original listing - (757) 276-3330

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Property Details


List Price: $5,625,000
Beds: --
Baths: --
Status: Active
SqFt: 0 Square Feet
Agency: Inlet Realty
Agency Phone: (757) 276-3330

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Description/Comments


Lot Size: 0 sqft
Property Type: Residential-Other
Year Built: 1970
Notes: Sunnybrook Apartments (824 Post Ave and 2127 Chesapeake Drive, Chesapeake, VA) is a 48-unit multifamily community in the Hampton Roads metro, positioned for cash flow and upside. The property offers an attractive unit mix of forty-four (44) 2BR/1BA and four (4) 1BR/1BA apartments, supporting broad renter demand. Offered at a $5,625,000 list price, buyers may benefit from assumable financing of approximately $3.5M at 5.7% interest (subject to lender approval), helping reduce interest-rate uncertainty and enhance leverage. The Chesapeake location provides convenient access to retail, dining and commuter routes. A compelling value-add story exists through rent optimization, interior upgrades and operational efficiencies as units turn. Ideal for 1031 exchange or portfolio expansion. Contact broker for offering memorandum, rent roll and financials. Tours by appointment only - please do not disturb residents.
MlsNumber: --
ListingId: 10620196


Listing Provided By: Inlet Realty, original listing
Phone: (757) 675-5164
Office Phone: (757) 276-3330
Agent Name: Christian Phillips
Disclaimer: Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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