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Berkley Gardens Apartments 200 Kilby Shores Dr 24 Unit Apartment Building For Sale Suffolk, VA 23434
Executive Summary
Built in 1950, the property features durable mid-century construction across two-story buildings, offering functional floor plans with a solid structural foundation ideal for value-add renovations. Beyond the existing units, the property includes additional acreage that offers a rare opportunity for future development, providing an investor with multiple pathways to maximize the site’s density and long-term upside. Its location within the Suffolk City Public Schools district further enhances its appeal to family-oriented tenants, supporting historically stable occupancy levels.
Strategically positioned minutes from Downtown Suffolk, residents enjoy convenient access to the boutique retail, dining, and cultural events highlighted by Downtown Suffolk, VA. The property is also central to the region’s major economic engines, including the North Suffolk technology corridor and defense-related job centers. This growth is bolstered by new mixed-use developments along Harbour View Boulevard, as noted by Suffolk Economic Development. With seamless commuting to Chesapeake and Norfolk and proximity to the Great Dismal Swamp National Wildlife Refuge, Berkley Gardens combines stable demand drivers with significant expansion potential.
Strategically positioned minutes from Downtown Suffolk, residents enjoy convenient access to the boutique retail, dining, and cultural events highlighted by Downtown Suffolk, VA. The property is also central to the region’s major economic engines, including the North Suffolk technology corridor and defense-related job centers. This growth is bolstered by new mixed-use developments along Harbour View Boulevard, as noted by Suffolk Economic Development. With seamless commuting to Chesapeake and Norfolk and proximity to the Great Dismal Swamp National Wildlife Refuge, Berkley Gardens combines stable demand drivers with significant expansion potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 5.00 AC |
| No. Units | 24 | Building Size | 25,426 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Zoning | RC - Residential Compact | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 25,426 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | RC - Residential Compact |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 150263500 | Improvements Assessment | $1,466,645 CAD |
| Land Assessment | $691,814 CAD | Total Assessment | $2,158,458 CAD |
Property Taxes
Parcel Number
150263500
Land Assessment
$691,814 CAD
Improvements Assessment
$1,466,645 CAD
Total Assessment
$2,158,458 CAD
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Berkley Gardens Apartments | 200 Kilby Shores Dr
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