2 Colonial Place, Newport News, VA

Multi-family for Sale - $750,000


Agent Info

John Wilson
Coldwell Banker Commercial Brooks Real Estate

Property Info

CIMLS#1183357
Location
  2 Colonial Place
  Newport News VA 23601
UpdatedOctober 31st, 2025
TypeMulti-family
Price$750,000

Property Description

This portfolio contains five properties. The properties are in mixed use zoned, 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. The properties are tenant occupied, and the tenants are not to be disturbed. 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 location is excellent, and with improvements for this portfolio can perform well to resale, and/or retain for rental income. Contingencies for financing and/or bank appraisals will not be accepted. Owner financing is not available.

2 Colonial Place- 2159SF

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Financials