Brittany Place — Sale in Norfolk, VA

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

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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. Compare it against other commercial property listings for sale in Norfolk, VA — view the full market.

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