313 Silver Isles BlvdHampton, VA 23664
- Residential income properties
Property Details for 313 Silver Isles Blvd
- Year built
- 1973
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional 96-unit apartment building, constructed in 1973, presents a compelling value-add investment opportunity in Hampton, Virginia. The property boasts a 97.9% occupancy rate and is situated on a two-story building at 313 Silver Isles Blvd, zip code 23664. Recent capital expenditures exceeding $1,050,000 have significantly enhanced the property's condition. The location offers residents a tranquil setting within residential neighborhoods, yet enjoys proximity to abundant Class A retail options and a short commute to numerous employment centers. This well-maintained asset presents a substantial rent growth opportunity, as current market rents lag behind local competitors. The property benefits from its strategic position amidst ongoing economic development and is surrounded by key economic drivers and thousands of jobs, making it a prime investment in the Hampton, VA market. The attractive assumable debt terms further enhance the investment appeal. This is a rare chance to capitalize on an existing value-add program and realize significant returns. The property's strong fundamentals, excellent location, and the potential for further value creation make it a premier investment opportunity.
Location Insight
- City
- Hampton
- County
- Hampton City
- State
- Virginia
- Latitude
- 37.0646
- Longitude
- -76.291
Comparable in this City
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