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Creed Realty

7303 RIVER Road
Newport News, Virginia VA 23607
$1,690,000 Price
Est. Monthly Payment: $7,257.83 See Details
10120784 Listing ID
Incredible opportunity to own apartment complex on amazing waterfront property. Complex has a private beach and there is the possibility of installing a dock or boat slip. Community has 16 total units, each with their own garage. many of the units have incredible waterfront vies with spacious sunrooms/bedrooms/living rooms facing the water. Each unit has its own central air system. Property is currently a cooperative community and would need to have cooperative dissolved to use as apartments. Shareholders of the cooperative must be given a 30 day period to review all offers before any acceptance/rejection/counter can be made. Sale requires more than 2/3rd shareholder approval to accept any offers. Property shall be sold subject to all existing tenancies and current shareholders that desire to remain occupants as tenants shall be given the opportunity to apply with new ownership, as tenants, if the new ownership intended use is as apartment complex.
Schedule Showing
Status Active
County Newport News
Property Type Apartments
{"zipcode": "23607", "price": "1690000"}
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Primary Features

Approximate Year Built: 1959
Area: 106 - Newport News South
County: Newport News
Elementary School: Carver Elementary
Flooring Type: Carpet, Ceramic, Wood
High School: Heritage
Middle School: Huntington Middle
Ownership Type: Co-Op
Parking: Garage Det 3+ Car, Off Street
Property Type: Apartments
Subdivision Name: ALL OTHERS AREA 106
Type of Apartment: Other
Zoning: R8

Interior Features

Cooling: Central Air
Features: Priv Beach, Waterfront, Waterview
Furnished YN: no
Heating: Hot Water, Nat Gas, Radiator
Water Heater Type: Gas


AICUZ Crash: None
AICUZ Noise: -65
List Type: Standard Agency ER
Property Type: Apartments 3+
Stories Number: 2.0000
Units Total Number: 16

Financial Details

Approximate Tax Amount: 20633
Contingency Exists: Non Contingent
Disclosure: Board Approval, Call for Others, Disclosure Statement, Pet on Premises, Resale Certif Req
Possession: SETTLE
Utilities: City Sewer, City Water, Electric, Gas

External Features

Construction: Frame
Exterior Siding: Brick
Foundation Type: Crawl
Garage YN: yes
Roof: Asphalt Shingle

Location Information

Neighborhood Name: BRIDGE VIEW MANOR
Subdivision Number: 991

Zoning Info

Listing courtesy of Chantel Ray Real Estate Inc.
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Contact - Listing ID 10120784

Mia Roberson

600 Lynnhaven Pkwy #206
Virginia Beach
Phone: 7577616611

Data services provided by IDX Broker