Valore at Southern Park | Justin Ferguson

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Valore at Southern Park

Price

$12,800,000

Units

104

Address

Norfolk, VA

Contact MeLearn More About This Property

Offering Highlights

Transit Oriented
TRANSIT ORIENTED - 64, 564, 264, HRBT
• Easy Access to I-64, I-564, I-264 and Hampton Roads Bridge Tunnel 

Value-Add Opportunity
VALUE ADD OPPORTUNITY - Organic Rent & Interior Upgrade
• Immediate Organic Rent Growth Opportunity • Prime Candidate for Interior Upgrade Initiative

Old Dominion University
OLD DOMINION
• 24,932 Students, 3,000+ Employees; 5th Largest University in VA

Ideal Demographic For Multifamily Demand
IDEAL DEMOGRAPHIC FOR MULTIFAMILY 
• High Affordability Gap Increased the Rent-by-Necessity Demographic Combined with a Strong 20-34 Age Renter Cohort from the Abundant Military Presence and Numerous Higher Educational Institutions

The Offering

Valore at Southern Park offers one-hundred and four (104) spacious one-bedroom, two bedroom and three-bedroom units. The property was constructed in 1964 and renovated in 1999. Valore at Southern Park is centrally located vsubmarkets. Downtown Norfolk is within 8miles to the south and Town Center VirginiaBeach is within 11 miles to the East. The close proximity to the water is unbeatable providing residents ample maritime activities and breathtaking views.