3001 Reflections Way | Virginia Beach, VA 23452
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3001 Reflections Way
Virginia Beach, VA 23452
Reflections at Virginia Beach · Multifamily Property For Sale
·
480 Units
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity to Bridge the Gap to Renovated Class B Product.
- Full-Scope Capital Enhancement Initiative.
- Implementation of New Profit Streams to Drive Upside.
- Favorable Rental Environment Due to High Ownership Costs.
PROPERTY FACTS
| No. Units | 480 | Building Size | 389,280 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 30.13 AC | ||
| Zoning | A18 - Apartments | ||
| No. Units | 480 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 30.13 AC |
| Building Size | 389,280 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | A18 - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Tennis Court
- Basketball Court
- Car Wash Area
- Grill
- Pet Play Area
- Racquetball Court
- Volleyball Court
- Walking/Biking Trails
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 71 | - | 836 - 844 |
| 2+1 | 247 | - | 680 - 908 |
| 2+2 | 162 | - | 934 - 1,048 |
PROPERTY TAXES
| Parcel Number | 1497-31-2011 | Improvements Assessment | $64,304,400 |
| Land Assessment | $12,000,000 | Total Assessment | $76,304,400 |
PROPERTY TAXES
Parcel Number
1497-31-2011
Land Assessment
$12,000,000
Improvements Assessment
$64,304,400
Total Assessment
$76,304,400
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