Weblin Place

Weblin Place

Virginia Beach, VA
Available
  • Property Type: Apartments
  • Year Built : 1974
  • Property Size: 114,602 SF / 102 Units

Overview

Capstone Apartment Partners is pleased to present Weblin Place Apartments: a 1974 vintage, 102-unit community located in Virginia Beach, Virginia. Owned and operated by one family since construction in 1974, the asset has been exceptionally well maintained, leaving little to no deferred maintenance for the next owner. This fully amenitized community presents a proven value-add opportunity to build on, with 92 of 102 units ready to receive interior upgrades and raise rents to recently renovated market comps. Conveniently located nearby I-64, Virginia Beach Blvd, and US Route 13, residents enjoy a high level of connectivity to Virginia Beach Town Center, Norfolk, and the ocean front. The Virginia Beach market continues to exhibit incredible rent growth and record demand levels, with rent growing in line with increasing occupancy, creating market support for on-going organic rent growth.


3D Tour: One Bedroom

3D Tour: Two Bedroom

3D Tour: Two Bedroom (Reno)



Investment Highlights

  • 47-Year Ownership History—Owned by the Original Developer’s Family
  • Proven Value-Add Program to Build On
  • Fully Amenitized Community
  • Incredible Rent Growth Story in Virginia Beach
  • Extremely Well-Connected Asset Proximate to Norfolk, VA Beach Town Center, and Ocean Front

Contact Information

Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
Rhodes Marley Investment Sales Advisor P: 704.840.5927
O: 800.746.3175 ext. 736
rhodes@capstone-companies.com
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