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The Chapman 670 Downey Green 213 Unit Apartment Building For Sale Hampton, VA 23666
Investment Highlights
- Flexible Execution Strategy
- Top Mixed-Use Location
- High Barrier-to-Entry Submarket
- Institutional Quality Asset
- Proximity to Major Employment
- Proven Performer
Executive Summary
Newmark presents Axis and The Chapman, a two-property multifamily portfolio totaling 426 units in Hampton, Virginia. Offered individually or as a portfolio, the side-by-side
communities deliver immediate operating efficiencies and institutional scale within one of the nation’s most established, supply-constrained submarkets.
communities deliver immediate operating efficiencies and institutional scale within one of the nation’s most established, supply-constrained submarkets.
Property Facts
| Sale Type | Investment | Building Size | 242,184 SF |
| No. Units | 213 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 2009/2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 5.08/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 2.11 AC | ||
| Zoning | 14 C-2 LIM | ||
| Sale Type | Investment |
| No. Units | 213 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.11 AC |
| Building Size | 242,184 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2022 |
| Parking Ratio | 5.08/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 14 C-2 LIM |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Dining Room
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Breakfast/Coffee Concierge
- Grill
- On-Site Retail
- Recycling
- Community-Wide WiFi
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | 660 |
| 1+1 | 131 | - | 660 - 1,112 |
| 2+2 | 39 | - | 1,061 - 1,228 |
| 2+2.5 | 18 | - | 1,300 - 2,069 |
| 3+2 | 2 | - | 1,508 |
| 3+3 | 2 | - | 2,117 - 2,305 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 07F001000000B7 | Improvements Assessment | $33,301,600 |
| Land Assessment | $5,325,000 | Total Assessment | $38,626,600 |
Property Taxes
Parcel Number
07F001000000B7
Land Assessment
$5,325,000
Improvements Assessment
$33,301,600
Total Assessment
$38,626,600
Contacts
-
Amanda Archer -
Victoria Pickett -
Garrison Gore -
Charles Wentworth -
John Chobanian -
Daniel Wake -
Newmark
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The Chapman | 670 Downey Green
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