220 Curry Dr - Residential Income FOR SALE


Williamsburg, VA 23188
$5,290,000 USD
855-599-9295
220 Curry Dr, Williamsburg, VA for Sale
$5,290,000 USD
Residential Income - FOR SALE
1/25
null | 6.75% Cap Rate

220 Curry Dr
Williamsburg, VA 23188


HIGHLIGHTS

  • 100% occupied BTR community, with a $356,856 NOI at a 6.75% cap rate, and rents have not been raised since Sept 2023, leaving ample rental upside.
  • Turnkey investment with professional management in place and minimal capital expenditures, as the properties were constructed from 2021 to 2025.
  • Comprises 11 individually deeded single-family homes with attached Accessory Dwelling Units (ADU), providing 22 distinct total income-producing units.
  • Strong real estate fundamentals, as residential rents in James City County boast a 5-year average annual growth rate of 5.9% as of Q1 2026 (CoStar).
  • Tap into key tenant pools as households within a 3-mile radius report an average annual income of $125,015 and about 30% are renter-occupied (CoStar).
  • Price recently reduced. Enquire now for rent roll and other due diligence materials.

OVERVIEW

ACQUISITION OPPORTUNITY: Class A+ 22-Unit BTR Portfolio | Williamsburg, VA New Pricing: $5.29M | Optimized 6.75% Cap Rate | High-Yield BTR Asset Access a premier entry point into the high-barrier Build-To-Rent (BTR) sector in James City County. The Williamsburg market remains one of the most supply-constrained, high-barrier corridors in Virginia. This Class A+ BTR asset features 11 newly constructed ranch homes with integrated ADUs, providing 22 distinct rental streams at a newly optimized 6.75% Cap Rate. Fully stabilized and 100% occupied, this portfolio provides immediate, high-yield cash flow with exceptional long-term growth potential. INVESTMENT SNAPSHOT Location: James City County, VA (Williamsburg Market) Offering Price: $5,290,000 Net Operating Income (NOI): $356,856 Cap Rate: 6.75% (Substantial Yield Premium) Occupancy: 100% (Fully Leased & Stabilized) Location: James City County, VA (Williamsburg) STRATEGIC ADVANTAGES Proven Dual-Income Efficiency: The innovative BTR design with integrated Accessory Dwelling Units (ADUs) captures 22 distinct rental streams while maintaining the streamlined operational profile of only 11 single-family rooftops. This structure effectively doubles potential revenue while fixed expenses (insurance, taxes, landscaping) are incurred for only 11 properties, significantly maximizing net yield. Class A+ Asset Quality & "Mop-and-Go" Design: Each property features a high-demand ranch layout with premium finishes, curated for durability and rapid turnover efficiency. Constructed with maintenance-free exterior materials, the portfolio is engineered for long-term performance with minimal owner intervention. Immediate Cash Flow & Scarcity: While most new construction projects face a non-cash-flowing lease-up period, this stabilized portfolio offers immediate yield. Demand is driven by "Renters by Choice"—professionals and downsizing baby boomers—who prioritize modern, maintenance-free living in a county that has strictly limited new high-density permits. Low-Friction, Plug-and-Play Acquisition: This is an ideal stabilized asset for investors seeking immediate NOI stability and secure, long-term appreciation in one of Virginia’s most prestigious and underserved rental corridors. 11 BTR Single-Family Homes with ADUs: 1. 102 Magruder Avenue, Williamsburg, VA 23185 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 102 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2025 Lot Size: 0.3396 acres 2. 104 Magruder Avenue, Williamsburg, VA 23185 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 104 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2025 Lot Size: 0.2617 acres 3. 106 Magruder Avenue, Williamsburg, VA 23185 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 106 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2025 Lot Size: 0.332 acres 4. 108 Magruder Avenue, Williamsburg, VA 23185 Main Home: 3 BR / 2 BA — 1,050 SF ADU: 108 A — 1 BR / 1 BA — 500 SF Total SF: 1,550 Year Built: 2025 Lot Size: 0.2429 acres 5. 118 Grove Heights Avenue, Williamsburg, VA 23185 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 118 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2024 Lot Size: 0.3796 acres 6. 134 Magruder Avenue, Williamsburg, VA 23185 Main Home: 3 BR / 2 BA — 1,050 SF ADU: 134 A — 1 BR / 1 BA — 500 SF Total SF: 1,550 Year Built: 2021 Lot Size: 0.316 acres 7. 123 Jesters Lane, Williamsburg, VA 23188 Main Home: 3 BR / 2 BA — 1,050 SF ADU: 123 A — 1 BR / 1 BA — 500 SF Total SF: 1,550 Year Built: 2021 Lot Size: 0.333 acres 8. 220 Curry Drive, Williamsburg, VA 23188 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 220 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2023 Lot Size: 0.278 acres 9. 224 Curry Drive, Williamsburg, VA 23188 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 224 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2023 Lot Size: 0.333 acres 10. 228 Curry Drive, Williamsburg, VA 23188 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 228 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2024 Lot Size: 0.234 acres 11. 232 Curry Drive, Williamsburg, VA 23188 Main Home: 3 BR / 2 BA — 1,150 SF ADU: 232 A — 1 BR / 1 BA — 500 SF Total SF: 1,650 Year Built: 2024 Lot Size: 0.359 acres Optimized 6.75% Entry Yield: This strategic price adjustment offers an aggressive yield for newly-constructed assets, providing a significant spread over national and regional Class A multifamily averages (CoStar). It is a rare opportunity to secure a "Core-Plus" asset at a "Value-Add" return. High-Efficiency "Dual-Income" Model: The proprietary Build-to-Rent (BTR) design with integrated ADUs captures 22 distinct rental streams while maintaining the fixed operational footprint of only 11 single-family rooftops. This structure effectively doubles revenue potential while drastically lowering the expense ratio. Institutional-Grade Quality & Low-Friction Design: Each property features a high-demand ranch layout with premium "mop-and-go" finishes (granite, LVP) and maintenance-free exterior materials. The portfolio is engineered for long-term durability and rapid turnover efficiency with minimal owner intervention. Immediate Stability & Submarket Scarcity: Unlike speculative new projects, this portfolio offers immediate, stabilized NOI from day one. With zero new multifamily units currently under construction in James City County, this asset maintains a virtual monopoly on modern, high-density rental housing. Capital Preservation & Zero-CapEx Risk: As a newly-constructed, high-spec asset, the portfolio eliminates the operational "leakage" and maintenance friction typically found in older, value-add properties. Your 6.75% yield is protected by near-zero short-term capital expenditure requirements. Dominant "High-Barrier" Market Position: Situated in a prestigious residential corridor, the portfolio capitalizes on a chronic housing shortage and a surging population of "Renters by Choice." These high-income professionals and downsizing Boomers prioritize the modern, maintenance-free lifestyle that only a Class A+ BTR asset can provide. Summary: This newly adjusted price point represents a premier opportunity to acquire a high-performance, 100% occupied residential business in one of Virginia’s most resilient and underserved investment corridors. Property tours are available by appointment only. Please contact the listing broker to schedule.

FOR SALE DETAILS

PRICE

$5,290,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22-Units 11 BTR Single-Family with ADUs

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.41 AC

LAND SF

148,540 SF

ZONING

R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Shelia ByersSky Blue Realty LLCMore Info
855-599-9295

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Shelia ByersSky Blue Realty LLCMore Info
855-599-9295

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