Capstone Apartment Partners is pleased to present the free
& clear or loan assumption purchase opportunity of Fox Hill Apartments: a
1973 vintage, 96-unit garden-style apartment community located in Hampton,
Virginia. Fox Hill has been exceptionally well-maintained since current
ownership took over the property, focusing on targeted Capex and moderately
renovating four units to prove rental premiums up to $160. Despite four units
achieving significant premiums over classic units, Fox Hill is ideally
positioned to implement a full-scale luxury upgrade package to better compete
with local competitors and achieve premiums up to $360. Located in northeast Hampton,
residents of Fox Hill enjoy a quiet living environment surrounded by
residential neighborhoods and a plethora of Class A retail options all within a
short commute. With positive submarket multi-family fundamentals, an excellent
location proximate to retail and major employers, and a robust value-add
program to implement, Fox Hill Apartments represents one of the premier
investment opportunities in Hampton.
Significant Value-Add Opportunity
Strong Multi-family Fundamentals in the Hampton Submarket
Situated Amongst Major Employers
Suburban Setting with Proximity to Major Retail and
Amenities