Multifamily
Colonial Landing
2121 Kecoughtan Rd, Hampton, VA 23661
Listing Price: $3,300,000
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for Colonial Landing located at 2121 Kecoughtan Road Hampton, VA 23661
The property consists of ninety-two units across three, three-story buildings. There are a mix of one-, two- & three-bedroom layouts. Colonial Landing was built in 1938 and situated on 5.33 acres.
Offered at $3.3MM, this 92-unit multifamily asset in Hampton, VA is to be delivered fully vacant (currently condemned by the City of Hampton) —presenting a rare and substantial value-add opportunity. Situated near Newport News Shipbuilding, one of the region’s largest
economic drivers, the property is ideally located for long-term rental demand. Investors have a clear path to reposition and stabilize the asset through a full renovation, with significant potential to unlock value well above the acquisition price. Ideal for experienced
operators seeking scale and upside in a high-demand market.
Colonial Landing
Investment Highlights
- 92 Units: Mix of One-, Two- and Three Bedroom Units
- Property is to be Delivered Fully Vacant (Currently Condemned by the City of Hampton)
- Investors Have a Clear Path to Reposition and Stabilize Asset through Full Renovation with Significant Potential to Unlock Value Above Acquisition Price
Exclusively Listed By
Listing Price: $3,300,000
Investment Highlights
- 92 Units: Mix of One-, Two- and Three Bedroom Units
- Property is to be Delivered Fully Vacant (Currently Condemned by the City of Hampton)
- Investors Have a Clear Path to Reposition and Stabilize Asset through Full Renovation with Significant Potential to Unlock Value Above Acquisition Price
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for Colonial Landing located at 2121 Kecoughtan Road Hampton, VA 23661 The property consists of ninety-two units across three, three-story buildings. There are a mix of one-, two- & three-bedroom layouts. Colonial Landing was built in 1938 and situated on 5.33 acres. Offered at $3.3MM, this 92-unit multifamily asset in Hampton, VA is to be delivered fully vacant (currently condemned by the City of Hampton) —presenting a rare and substantial value-add opportunity. Situated near Newport News Shipbuilding, one of the region’s largest economic drivers, the property is ideally located for long-term rental demand. Investors have a clear path to reposition and stabilize the asset through a full renovation, with significant potential to unlock value well above the acquisition price. Ideal for experienced operators seeking scale and upside in a high-demand market.
Exclusively Listed By
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