3816 Banyan Grove Ln | Virginia Beach, VA 23462
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3816 Banyan Grove Ln
Virginia Beach, VA 23462
Banyan Grove Apartments · Multifamily Property For Sale
·
288 Units
INVESTMENT HIGHLIGHTS
- Well-built institutionally maintained asset with extensive capital improvements
- Opportunity to grow rents
- Proximity to top employers and retail including Virginia Beach Town Center
- Strong performing, well located stable asset poised for significant growth
- New revenue stream with the implementation of valet trash
PROPERTY FACTS
| No. Units | 288 | Building Size | 288,306 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2003 |
| Building Class | B | Parking Ratio | 1.76/1,000 SF |
| Lot Size | 13.58 AC | ||
| Zoning | A12 - Multi-family housing and related uses | ||
| No. Units | 288 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 13.58 AC |
| Building Size | 288,306 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 2003 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | A12 - Multi-family housing and related uses |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Oven
- Range
- Tub/Shower
- Sunroom
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Playground
- Pool
- Property Manager on Site
- Package Service
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 96 | - | 650 - 833 |
| 2+2 | 132 | - | 972 - 1,139 |
| 3+2 | 60 | - | 1,241 - 1,392 |
PROPERTY TAXES
| Parcel Number | 1486-13-8795 | Improvements Assessment | $54,831,800 |
| Land Assessment | $7,200,000 | Total Assessment | $62,031,800 |
PROPERTY TAXES
Parcel Number
1486-13-8795
Land Assessment
$7,200,000
Improvements Assessment
$54,831,800
Total Assessment
$62,031,800
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