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Purchase,Commercial/Industrial - Newport News, VA
This portfolio contains five properties. The properties are in mixed use zones, but have been occupied
for residential use for many years. The portfolio is being sold below appraised value and is being sold “as
is, where is”. An information package can be obtained once a Confidentiality Agreement has been signed. Contingencies for financing and/or bank appraisals will not be accepted. Owner financing is not available. The properties are tenant occupied. This property is best for an investor that has the ability to secure the property with cash, and has knowledge and skills in construction or access construction assistance, as the value add component of the investment is improving the property. The Hilton (Newport News) location is excellent and, with improvements, this portfolio can perform well for resale and/or retain for rental income.
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