Residential units are all-electricShared common restroom area
Opportunity meets stability in the heart of downtown Norfolk. The historic Mohawk Building at 128/130 S 5th Street offers a fully occupied mixed-use investment property with a proven income stream and a strong tenant mix already in place. The property features three fully leased commercial spaces along with five fully rented residential units, including a studio apartment. The residential units are all-electric, providing simplified utility management and attractive efficiency for tenants. Commercial occupants benefit from access to a shared common restroom area, helping maximize rentable space throughout the building. One of the property's unique features is the rooftop area, offering both a patio space and additional flexible-use area that could serve as a tenant lounge, workout space, entertainment area, or gathering spot. This added amenity helps distinguish the property and enhances its long-term appeal. Positioned in Norfolk's vibrant downtown district, the Mohawk Building combines strong occupancy, diversified income sources, and a location that continues to attract both residential and commercial tenants. Whether you're expanding an existing portfolio or seeking a dependable turnkey investment, this property offers the stability, character, and income-producing potential investors are looking for. A rare opportunity to acquire a fully leased downtown asset with immediate cash flow and long-term upside.
36 days
|
285
|
7
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Zillow last checked:
Listing updated:
Listed by:
Russell Wilcox,
Real Estate Solutions Team
Source: Norfolk BOR,MLS#: 260356
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 5
Rooms
Room types: Comn Util Room
Appliances
Included: Applies To All, Refrigerator, Stove, Dishwasher
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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