200 Claremont Ave - Apartments FOR SALE


Hampton, VA 23661- Wythe
$4,400,000 USD
757-356-1226
200 Claremont Ave, Hampton, VA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/30
null | 8.25% Cap Rate

200 Claremont Ave
Hampton, VA 23661
Wythe


HIGHLIGHTS

  • Award winning renovation completed in 2019
  • 100% Occupancy
  • Low maintenance exterior with brick and aluminum windows

OVERVIEW

Modern apartments set within the confines of the historical Wythe Elementary School. Located two blocks from the Chesapeake Bay, this setting offers convenient access to the interstate while living in the friendly and active Wythe neighborhood. These units have high ceilings, lots of natural light. Stainless steel appliances fill the kitchen that include: an ice-maker, self-cleaning oven, washer and dryer and granite counters . Award winning, Mark Turner Construction, completed the renovation and adaptive reuse of the historic Wythe Elementary School in April 2020. The project converted this National Register Art Deco–influenced building c. 1936, into 40 market-rate apartments.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

40

PRICE/UNIT

$110,000

CAP RATE

8.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wythe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,308 SF

ZONING

R11

APN/PARCEL ID

1004553

ASK ABOUT THIS PROPERTY

Jon MayFathom RealtyMore Info
757-356-1226

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Jon MayFathom RealtyMore Info
757-356-1226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.