The Village at Western Branch

The Village at Western Branch

Portsmouth, VA
Available
  • Property Type: Apartments
  • Year Built : 1972
  • Property Size: 94,500 SF / 104 Units

Overview

Capstone Apartment Partners is pleased to present The Village at Western Branch: a 1972 vintage, 104-unit garden-style apartment community located in Portsmouth, Virginia. The Village at Western Branch has been exceptionally well-maintained, as current ownership has focused on targeted CapEx and interior renovations of two units to prove to achievable premiums. Although the renovated units are achieving significant premiums over classic units, the Portsmouth submarket strongly supports a luxury value-add program to achieve premiums up to $325, depending on the floorplan. Located in a retail heavy corridor of Portsmouth, residents of the subject property are proximate to numerous class A retail options as well as all of the major employers in the Hampton MSA. With minimal deferred maintenance, a robust value-add opportunity, and an excellent location, The Village at Western Branch offers investors a property poised for rent growth for years to come. 

Investment Highlights

  • Significant Value-Add Opportunity
  • Strong Multi-Family Demographics in the Portsmouth Submarket
  • Proximity to an Abundance of Major Employers 
  • Located in a Retail Heavy Corridor

Contact Information

Eric Liebich Investment Sales Advisor P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
Ron Corrao Director P: 757.749.6994
O: 800.746.3175 ext. 712
ron@capstone-companies.com
Cole Carns Investment Sales Advisor P: 804.878.1258
O: 800.746.3175 ext. 777
ccarns@capstone-companies.com
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