A 262-Unit Multifamily Oppor tunity in Hampton, VA
The Uzun Group of Marcus & Millichap is pleased to present the offering memorandum for the Asbury Place Apartments in Hampton, VA.The property consists of two hundred and sixty-two units (262) units. Asbury Place Apartments has all two-bedroom &one-bathroom units in thirty-one (31) 262 880 sf. two-sto-ry buildings constructed in 1966 and situated on 14.62 acres. The apartments feature hardwood flooring, linoleum flooring and matching appliances. The property’s central location af-fords residents easy access to Hampton Roads’ top employers. Given the property’s central location, value-add potential, and rent growth potential, the Asbury Place Apartments are positioned to provide investors strong long-term returns over the hold period. The Hampton Roads economy is heavily diversed home to the fastest growing port on the East Coast, two Fortune 500 companies, low business costs, global access, and a robust talent pipeline. Hampton Roads is well known for its ports, shipyards, maritime related industries, aerospace, food and beverage processing, and is home to every branch of the U.S. Armed Forces. Hampton Roads’ seven universities and three community colleges graduate +/- 17,000 students annually, consistently supplying a highly skilled workforce.