Multi Family Investment Properties for Sale in Suffolk, VA
624- 4 Bed
- 2 Bath
- 1600 sft
123- 4 Bed
- 2 Bath
- 2800 sft
280- - Bed
- - Bath
- 2184 sft
399- 4 Bed
- 2 Bath
- 1912 sft
Why Invest in Suffolk, Virginia?
Multi-family investments in Suffolk, VA, offer strong potential amid the city's rapid growth in Hampton Roads. Port 460 logistics hub and Amazon fulfillment center drive job creation, boosting rental demand. Expect solid **cap rates** around 6-7% with **rental yields** near 7%, supported by low vacancy and 2% annual appreciation. **Average rents** for multi-family units hover at $1,600, with **renter occupancy** over 30%. Infrastructure upgrades like Route 58 enhance accessibility for tenants.
Frequently Asked Questions
Suffolk's job growth from Port 460 and Amazon creates reliable rental demand. Multi-family offers 6-7% cap rates with low vacancy. Appreciation at 2% annually enhances long-term returns.
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