Maple Point

Maple Point

Newport news, VA
Available
  • Property Type: Apartments
  • Year Built : 1974/2015
  • Property Size: 29,952 SF / 64 Units

Overview

Capstone Apartment Partners is pleased to present Maple Point: a 64-unit, 1974/2015 vintage apartment community in Newport News, Virginia. Maple Point is conveniently located along the burgeoning Warwick Boulevard retail corridor, giving residents easy access to multiple demand drivers around Newport News and neighboring cities. In addition, the asset is surrounded by some of the region's most prolific employers, including Joint Base Langley-Eustis. A limited new construction pipeline paired with vacancy rates held at all-time lows prime the asset to benefit from a recession-proof military-centric economy. Newport News’ strong market fundaments, combined with an excellent renter demographic, minimal deferred maintenance, and a robust value-add platform, will allow new ownership to immediately focus on increasing NOI at Maple Point through the implementation of targeted interior renovations.

Investment Highlights

  • Long Term Owner/Self-Managed
  • Untapped Value-Add Potential
  • Water/Sewer Reimbursement Opportunity
  • Place Office Unit Back in Service
  • Job Opportunities in Multiple Sectors and Strong Multi-Family Fundamentals

 

Contact Information

Cole Carns Investment Sales Advisor P: 804.878.1258
O: 800.746.3175 ext. 777
ccarns@capstone-companies.com
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
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