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Eastwyck Village 1201 Edenham Ct 96 Unit Apartment Building For Sale Virginia Beach, VA 23464
Investment Highlights
- Proven Value-Add Opportunity
- Durable Apartment Fundamentals
- Large Floor Plans with Strong Resident Appeal
- Attractive Assumable Debt
- Exceptional Virginia Beach Location
Executive Summary
Newmark is pleased to present the exclusive opportunity to acquire Eastwyck Village (the “Property”), a 96-unit garden-style apartment community located at 1201 Edenham Court in Virginia Beach, Virginia. Built in 1994 and comprised exclusively of spacious two- and three bedroom homes, Eastwyck Village offers an incoming investor a rare combination of durable in-place cash flow and a clearly defined, multi-layered value-add runway within one of the most resilient rental submarkets in the Hampton Roads MSA.
Property Facts
| Sale Type | Investment | Building Size | 103,412 SF |
| No. Units | 96 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1994 |
| Apartment Style | Garden | Parking Ratio | 1.91/1,000 SF |
| Building Class | C | Cross Streets | College park Blvd |
| Lot Size | 8.20 AC | ||
| Zoning | A12 - Apartments | ||
| Sale Type | Investment |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.20 AC |
| Building Size | 103,412 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1994 |
| Parking Ratio | 1.91/1,000 SF |
| Cross Streets | College park Blvd |
| Zoning | A12 - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Security System
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Security System
- Breakfast/Coffee Concierge
- Laundry Service
- Package Service
- Storage Space
- Maintenance on site
- Sundeck
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 58 | - | 850 |
| 3+2 | 38 | - | 1,025 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
Contacts
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Victoria Pickett -
Charles Wentworth -
Garrison Gore -
John Chobanian -
Amanda Archer -
Newmark
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