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1701 Chase Pointe Cir
Virginia Beach, VA 23454
Latitudes Apartments · Multifamily Property For Sale · 448 Units

INVESTMENT HIGHLIGHTS

  • Proven-value add strategy renovated units garnishing premiums of nearly $400 over average classic leased rents
  • High barrier to entry submarket 132 units under construction within a 2.5 mile radius
  • Robust submarket fundamentals occupancy projections to exceed 96% through 2029
  • Strong property performance north of 5% annual organic rent growth

PROPERTY FACTS

No. Units 448
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 25.89 AC
Building Size 394,546 SF
Average Occupancy 98%
No. Stories 3
Year Built/Renovated 1989/2005
Parking Ratio 1.18/1,000 SF
Zoning A18 - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Fireplace
  • Washer/Dryer
  • Ceiling Fans
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-In Closets

SITE AMENITIES

  • 24 Hour Access
  • Business Center
  • Clubhouse
  • Fitness Center
  • Picnic Area
  • Playground
  • Pool
  • Property Manager on Site
  • Sauna
  • Tennis Court
  • Basketball Court
  • Breakfast/Coffee Concierge
  • Grill
  • Package Service
  • Volleyball Court
  • Storage Space
  • Health Club Discount
  • Maintenance on site
  • Sundeck

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 270 - 633 - 894
2+1 54 - 894
2+2 104 - 1,057
3+2 20 - 1,342

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2407-67-7059
Land Assessment
$11,200,000
Improvements Assessment
$73,725,900
Total Assessment
$84,925,900
  • Listing ID: 35346459

  • Date on Market: 4/2/2025

  • Last Updated:

  • Address: 1701 Chase Pointe Cir, Virginia Beach, VA 23454

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