This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
399 Hickory Point Blvd
Newport News, VA 23608
Hickory Point Townhomes · Multifamily Property For Sale
·
175 Units
PROPERTY FACTS
| No. Units | 175 | Building Size | 175,770 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | C | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 9.22 AC | ||
| Zoning | R7 | ||
| No. Units | 175 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.22 AC |
| Building Size | 175,770 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | R7 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
- Public Transportation
ABOUT 399 HICKORY POINT BLVD , NEWPORT NEWS, VA 23608
Capstone Apartments Partners is pleased to present Hickory Point Townhomes: a 175-unit, townhome-style community located in Newport News, Virginia. Hickory Point offers an extremely well-maintained asset that benefits from significant recent capex and an in-place value-add program. As a testament to current ownership, the property has maintained an average 95%+ occupancy rate and a 60% lease renewal rate over the last couple of years; providing an excellent foundation for new ownership. With most of the heavy lifting complete and the opportunity to implement a moderate value-add program available, incoming investors can immediately focus on driving NOI growth by building on previously completed mid-tier renovations and enhancing both the interior and community features, driving further value for tenants.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 154 | $950.00 | 984 |
| 2+2 | 21 | $1,000 | 1,154 |
PROPERTY TAXES
| Parcel Number | 063.00-01-04 | Improvements Assessment | $17,134,000 |
| Land Assessment | $2,625,000 | Total Assessment | $19,759,000 |
PROPERTY TAXES
