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11112 Mintwood Pl
Newport News, VA 23601
Jefferson Flats · Multifamily Property For Sale
·
103 Units
Investment Highlights
- Newport News Submarket Positioned for Above-Market Growth
- Ability to Close the Gap to Top-of-Market Competitors
- Recent CapEx Enables High-ROI Value Creation
- Well-Positioned For A Light Value-Add Strategy
Executive Summary
Newmark is pleased to present, Jefferson Flats a well-located multifamily community in Newport News, Virginia, positioned within one of the Peninsula’s most established employment and retail corridors. The property benefits from immediate proximity to the region’s largest and most durable demand drivers, including Huntington Ingalls Industries, Christopher Newport University, Riverside Health System, and City Center at Oyster Point.
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 3.30 AC |
| No. Units | 103 | Building Size | 103,830 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1971 |
| Building Class | C | ||
| Zoning | R7 | ||
| Sale Type | Investment |
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.30 AC |
| Building Size | 103,830 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | R7 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Playground
- Property Manager on Site
- Maintenance on site
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 101 | - | 850 |
| 3+1 | 2 | - | 875 |
Property Taxes
| Parcel Number | 240.00-07-18 | Improvements Assessment | $12,811,365 CAD |
| Land Assessment | $2,147,387 CAD | Total Assessment | $14,958,752 CAD |
Property Taxes
Parcel Number
240.00-07-18
Land Assessment
$2,147,387 CAD
Improvements Assessment
$12,811,365 CAD
Total Assessment
$14,958,752 CAD
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