Fox Hill Apartments

Fox Hill Apartments

Hampton, VA
Available
  • Property Type: Apartments
  • Year Built : 1973
  • Property Size: 80,640 SF / 96 Units

Overview

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.

Investment Highlights

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

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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