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Axis At PTC 1850 Merchant Ln 192 Unit Apartment Building For Sale Hampton, VA 23666
Investment Highlights
- Flexible Execution Strategy
- Top Mixed Use Location
- High-Barrier-to-Entry Submarket
- Institutional Quality Assets
- Proximity to Major Employment
- Proven Performer
Executive Summary
Newmark presents Axis and The Chapman, a two-property multifamily portfolio totaling 426 units in Hampton, Virginia. Offered individually or as a portfolio, the side-by-side communities deliver immediate operating efficiencies and institutional scale within one of the nation’s most established, supply-constrained submarkets.
Property Facts
| Sale Type | Investment | Lot Size | 1.02 AC |
| No. Units | 192 | Building Size | 173,604 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | A | ||
| Zoning | 14 C-2 LIM - Limited Commercial Zone | ||
| Sale Type | Investment |
| No. Units | 192 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 1.02 AC |
| Building Size | 173,604 SF |
| No. Stories | 5 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | 14 C-2 LIM - Limited Commercial Zone |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Carpet
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Package Service
- Roof Terrace
- Lounge
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 61 | - | 498 - 670 |
| Studios | 1 | - | 1,750 |
| 1+1 | 113 | - | 654 - 808 |
| 2+2 | 5 | - | 1,179 - 1,221 |
| 3+2 | 12 | - | 1,435 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 07F0010006000PC1 | Improvements Assessment | $41,356,738 CAD |
| Land Assessment | $5,812,840 CAD | Total Assessment | $47,169,577 CAD |
Property Taxes
Parcel Number
07F0010006000PC1
Land Assessment
$5,812,840 CAD
Improvements Assessment
$41,356,738 CAD
Total Assessment
$47,169,577 CAD
Contacts
-
Garrison Gore -
Victoria Pickett -
Charles Wentworth -
Daniel Wake -
Amanda Archer -
Newmark
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Axis At PTC | 1850 Merchant Ln
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