Virginia Beach, VA Apartment Buildings for Sale

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1417 Wentworth Drive

Virginia Beach, VA 23453

Multi-Family

$3,040,00033,684 SF

Alpha Real Estate Investment Advisors is pleased to offer for sale to qualified investors, the opportunity to acquire 30 residential units in one portfolio. The 30 unit portfolio is comprised of 3 single family homes, 7 condos, 14 townhomes, 1 duplex, and a 4 plex totaling approximately 34k sq. ft. Each property has been professionally renovated and in very good condition. Most of the renovations were major in nature and included new appliances, flooring, paint, cabinets and countertops and bathroom remodels. Each unit has their own washers and dryers as well. Roof ages vary as well as HVAC systems, and have been replaced as needed. The portfolio averages 95%+ occupancy at any given time, closely in line with Hampton Roads' overall vacancy rate of 6%. Most tenants are on 2 to 3 year leases with an average term of 1.5 years remaining for the portfolio.

Virginia Beach, VA Apartment Buildings for Sale

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