4801 Marshall Ave
Newport News, VA 23607
Meadow View Townhomes · Multifamily Property For Sale · 400 Units

Meadowview Townhomes offers potential buyers the opportunity to purchase a newly - renovated property with appreciation upside. As is, the property offers potential investors a +20% percent cash on cash return and an equally lucrative IRR. By maintaining current operating efficiency's and building on the rents, utility reimbursements and ancillary income, a purchaser can acquire a stable coupon with long term upside in appreciation. The property's close proximity to Coliseum Central allows for easy access to the area's primary commercial corridor, which houses the Hampton Coliseum and Peninsula Town Center. The Newport News/Williamsburg International Airport, which serves the entire Hampton Roads metropolitan area, is located only 15-miles from the property. Newport News' economy and city development continue to show signs of steady growth. Newport News' commercial focus continues its progress into 2018 with multiple projects underway aimed to extend and restore commercial acquisition. The city's economy is heavily anchored to the US Department of Defense, a major employer for the area housing naval and air-force bases, Newport News Shipyard and Langley Air Force Base. Under republican leadership, military funding and employee benefits are expected to grow in salary increases, budget expansion, and more.