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2121 Kecoughtan Rd
Hampton, VA 23661
Colonial Landing Apartments · Immeuble residentiel Propriété À vendre
·
92 Unités
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FAITS SAILLANTS DE L'INVESTISSEMENT
- $3,300,000 | $35,870 PPU
- Rare and Substantial Value-Add Opportunity for an Experienced Operator
- To be Delivered Fully Vacant and Currently Condemned by the City of Hampton
- 92 Units: A Mix of One-, Two- & Three-Bedroom Layouts
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present the offering memorandum for Colonial Landing located at 2121 Kecoughtan Road Hampton, VA 23661
The property consists of ninety-two units across three, three-story buildings. There are a mix of one-, two- & three-bedroom layouts. Colonial Landing was built in 1938 and situated on 5.33 acres.
Offered at $3.3MM, this 92-unit multifamily asset in Hampton, VA is to be delivered fully vacant (currently condemned by the City of Hampton with no certificate of occupancy) —presenting a rare and substantial value-add opportunity. Situated near Newport News Shipbuilding, one of the region’s largest economic drivers, the property is ideally located for long-term rental demand. Investors have a clear path to reposition and stabilize the asset through a full renovation, with significant potential to unlock value well above the acquisition price. Ideal for experienced operators seeking scale and upside in a high-demand market.
The property consists of ninety-two units across three, three-story buildings. There are a mix of one-, two- & three-bedroom layouts. Colonial Landing was built in 1938 and situated on 5.33 acres.
Offered at $3.3MM, this 92-unit multifamily asset in Hampton, VA is to be delivered fully vacant (currently condemned by the City of Hampton with no certificate of occupancy) —presenting a rare and substantial value-add opportunity. Situated near Newport News Shipbuilding, one of the region’s largest economic drivers, the property is ideally located for long-term rental demand. Investors have a clear path to reposition and stabilize the asset through a full renovation, with significant potential to unlock value well above the acquisition price. Ideal for experienced operators seeking scale and upside in a high-demand market.
FAITS SUR LA PROPRIÉTÉ
| Prix par unité | 49 676 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 5,33 AC |
| Condition de vente | Projet de redéveloppement | Taille du bâtiment | 83 274 pi² |
| Nombre d’unités | 92 | Occupation moyenne | 50% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction | 1938 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 1,18/1 000 pi² |
| Zonage | RM - À livrer entièrement vacant et actuellement condamné par la Ville de Hampton, sans certificat d'occupation. | ||
| Prix par unité | 49 676 $ CAD |
| Type de vente | Investissement |
| Condition de vente | Projet de redéveloppement |
| Nombre d’unités | 92 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 5,33 AC |
| Taille du bâtiment | 83 274 pi² |
| Occupation moyenne | 50% |
| Nombre d’étages | 3 |
| Année de construction | 1938 |
| Ratio de stationnement | 1,18/1 000 pi² |
| Zonage | RM - À livrer entièrement vacant et actuellement condamné par la Ville de Hampton, sans certificat d'occupation. |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 30 | - | - |
| 2+1 | 15 | - | - |
| 2+1.5 | 16 | - | - |
| 3+1 | 31 | - | - |
Impôts fonciers
| Numéro de lot | 1003662 | Évaluation des bâtiments | 1 000 700 $ CAD |
| Évaluation du terrain | 1 937 382 $ CAD | Évaluation totale | 2 938 082 $ CAD |
Impôts fonciers
Numéro de lot
1003662
Évaluation du terrain
1 937 382 $ CAD
Évaluation des bâtiments
1 000 700 $ CAD
Évaluation totale
2 938 082 $ CAD
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