5826 Newtown Arch | Virginia Beach, VA 23462
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5826 Newtown Arch
Virginia Beach, VA 23462
Mayfair Apartments · Multifamily Property For Sale
·
197 Units
INVESTMENT HIGHLIGHTS
- Significant Value-Add Opportunity
- Mix of Market Rate and Affordable Units
- Proximate to Class A Retail and the Hampton Roads Light Rail
- Strong Multi-Family Demographics in the Virginia Beach Submarket
- Situated Amongst Major Employers and New Development
PROPERTY FACTS
| No. Units | 197 | Building Size | 224,589 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 3/1,000 SF |
| Lot Size | 12.83 AC | ||
| Zoning | A-18 | ||
| No. Units | 197 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.83 AC |
| Building Size | 224,589 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 3/1,000 SF |
| Zoning | A-18 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Walk-In Closets
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Laundry Service
- Package Service
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 682 |
| 2+2 | 117 | - | 900 |
| 3+2 | 44 | - | 1,112 |
| 4+2 | 8 | - | 1,377 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $17,288,600 | |
| Land Assessment | $4,925,000 | Total Assessment | $22,213,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,925,000
Improvements Assessment
$17,288,600
Total Assessment
$22,213,600
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