Warwick Village Apartments presents investors the opportunity to purchase a well positioned value add opportunity in Newport News, Virginia. This property, constructed in 1972, comprises 160 units totaling 123,456 square feet. The property offers a mix of one- and two-bedroom units, with average rents of $1,141, and is ideally positioned for an operator to step in and complete the proven value-add program. Newport News is a strategic location for real estate investment, boasting a strong economy driven by shipbuilding, defense, and technology sectors, including major employers like Huntington Ingalls’ Newport News Shipbuilding, Ferguson Enterprises, and Canon, Inc. The city’s lower-than-average cost of living and ideal location amidst Hampton Roads contribute to a consistent demand for rental housing