Apartment in Virginia Beach, VA

Rare beach-area multifamily opportunity at 414 19th Street: an eight-unit apartment building with (8) 2BR/1BA apartments and on-site laundry. Just four blocks to the ocean and adjacent to the new surf park, this property sits in the Short-Term Rental Overlay District—an ideal setup for investors seeking flexibility. Enjoy solid income today with annual leases in place, then explore the true upside of an STR model as leases roll (buyer to verify all STR eligibility, licensing, occupancy limits, taxes/fees, and any required permits/inspections). The consistent 2BR floorplan mix is well-suited for both year-round residents and weekend/seasonal demand. Opportunity for phased value-add through targeted cosmetic upgrades and rent optimization while maintaining occupancy. A hard-to-find coastal asset—hold as-is, renovate to increase rents, or reposition for vacation stays.