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.
located at 7303 River Rd, Newport News, VA
is currently for sale.
7303 River Rd, Newport News is listed
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