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1413 Old Buckroe Rd
Hampton, VA 23663
Buckroe Lake Apartments · Multifamily Property For Sale
·
23 Units
PROPERTY FACTS
| No. Units | 23 | Building Size | 10,966 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 0.48 AC | ||
| Zoning | Commercial | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 10,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Storage Space
- Refrigerator
- Range
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
ABOUT 1413 OLD BUCKROE RD , HAMPTON, VA 23663
The property consists of (1) two bedroom, one bath unit and (22) one bedroom, one bath units. 2016 NOI was $90,691. Using a CAP Rate of 7.5% the property valuation is $1,209,213. Built in 1983, the subject property sits on .5 acres and has 2 separate buildings. Each building was built with stick frame construction, on slab foundations, with pitched asphalt shingle roofs. Each unit features wall to wall carpet, electric range, electric baseboard heating and ceramic tile in the bathrooms. Sewer and trash is paid by the property. Water and Electric is separately metered and paid by the tenant.. Through upgrading the original kitchens and baths and increasing rents, a prospective buyer has the opportunity to significantly improve the value and cash flow of this property. The Property is strategically positioned with excellent access to the Mercury Boulevard retail corridor, with its array of popular dining and shopping destinations. It is also positioned near Interstate 64 putting all of the employment centers and amenities of the Peninsula, and all of Hampton Roads, within easy reach. Buckroe Lake is minutes from the area' s largest employer, Huntington Ingalls Shipyard, and Langley Air Force Base as well.
PROPERTY TAXES
| Parcel Number | 12004063 | Improvements Assessment | $1,075,200 |
| Land Assessment | $345,000 | Total Assessment | $1,420,200 |
PROPERTY TAXES
