Foreclosure: 92 Unit Multifamily with 40 Garages, Hampton, VA
Value-add multifamily opportunity, Hampton Roads, Virginia MSA! Ideally located workforce housing! Descriptive information is derived from sources believed to be accurate:
Constructed in 1938
(3) three-story brick colonial-style apartment structures
+/-75,000s/f Containing 92 apartment units.
40 Garage brick garage units
Amenities include laundry facilities and surface parking
Approximate Unit Mix:
- 1 BR/1 BA: 49
- 2 BR/1.5 BA: 6
- 2 BR/1 BA: 20
- 3 BR/1BA: 17
Location, Location, Location: 1.3 miles to I-664 Exit 2; 3 miles to Northrop Grumman Newport News Shipbuilding; 3.2 miles to Newport News CBD and 3.75 miles to Hampton CBD
12 Units are currently out of service due to a 2020 fire. Fire/smoke/water damage has been abated and the space partially built-out
Parcel ID#: 1003662
2023 Tax Assessment: $6,011,800
2023 Annual Taxes: $70,939
CAN'T ATTEND AUCTION IN PERSON? CONTACT TRANZON REPRESENTATIVE BY MONDAY, SEPTEMBER 25TH ABOUT REMOTE BIDDING VIA ONLINE SIMULCAST OR PHONE BIDDING.
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
Take I-664, Exit 2, them make a left off exit ramp onto Power Plant Pkwy. Continue 1.1 Miles to Kecoughtan Rd, turn right and Colonial Landing Apartments are 0.3 mile on the right.