240-396-1090
3001 Reflections Way, Virginia Beach, VA for Sale
Apartments - FOR SALE
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3001 Reflections Way
Virginia Beach, VA 23452


HIGHLIGHTS

  • Value-Add Opportunity to Bridge the Gap to Renovated Class B Product.
  • Implementation of New Profit Streams to Drive Upside.
  • Full-Scope Capital Enhancement Initiative.
  • Favorable Rental Environment Due to High Ownership Costs.

OVERVIEW

Berkadia is pleased to present the exclusive offering of Reflections at Virginia Beach, a 480-unit garden-style apartment community located in the heart of one of the East Coast’s most resilient and sought-after coastal markets. Built in 1986 and institutionally owned and maintained, Reflections offers investors the chance to acquire a well-located, stabilized Class B asset with meaningful scale and a strong operational track record. The property is ideally positioned near major job centers and lifestyle amenities, with direct access to the area’s largest drivers across the defense, healthcare, logistics, and tourism sectors. Importantly, the asset still offers a clear value-add upside, with the ability to further renovate all units to a premium finish level. These enhancements—focused on finishes, fixtures, and in-unit technology—are projected to support rent premiums of up to $250+ per unit, allowing new ownership to unlock meaningful NOI growth through a scalable, cost-effective strategy.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

480

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reflections at Virginia Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

650

LAND DETAILS

LAND ACRES

30.13 AC

LAND SF

1,312,463 SF

ZONING

A18

APN/PARCEL ID

1497-31-2011

ASK ABOUT THIS PROPERTY

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240-396-1090

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Drew WhiteBerkadia Commercial MortgageMore Info
240-396-1090

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