3DT Realty Group | Keller Williams
Located just steps from the beach, 1001–1005 Little Bay is a nearly fully occupied, 16-unit multifamily property showing strong tenant quality and rent consistency. Recent upgrades have significantly improved living standards, and major value-add projects are underway—including exterior landscaping, a centralized laundry room, expanded parking, and ongoing unit renovations. With Phase 1 of the cost segregation study complete and financing in place, the property is positioned for continued growth and stability.
Want to learn more about 1001–1005 Little Bay? Check out the full Q1 2025 newsletter for stats, updates, and renovation highlights.
230 E 40th St is a 16-unit multifamily property in Norfolk, VA, currently 94% occupied with a new tenant scheduled to move in May 1. With approximately $1.35MM in equity being cashed out, investors can expect a significant distribution in the coming weeks. Over $100K in renovations are underway through a top-tier local contractor, further increasing the property’s value and appeal. Phase 2 of the cost segregation study will enhance depreciation on 2024 K-1s, and all dividends remain on an accrual basis to be paid out with the lump sum.
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President & CEO – Tilman Dunbar
Operations Manager – Alisha Bowditch
Project Manager – Breana Bradley
3207 Churchland Blvd, Chesapeake, VA
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