Brittany Place — Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Norfolk, VA 23513

Description

Newmark is pleased to present, Brittany Place, a unique opportunity to acquire a well-performing multifamily community in Norfolk, Virginia with demonstrated renovation upside and strong recent operating performance. The property has maintained 98% average occupancy over the trailing twelve months, reflecting the asset’s competitive position within the market. The community offers a proven value-add strategy, as renovated units are currently achieving $269 rent premiums over classic units, reinforcing the current renovation program. With 48 units remaining to renovate (32% of the property) and limited deferred maintenance, future ownership can continue implementing revenue-generating upgrades.

Market Context

This commercial property in Norfolk, VA is listed for sale. It has been on the market for 53 days. Compare it against other commercial property listings for sale in Norfolk, VA — view the full market.

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