New Offering: 96-Unit Value-Add Community in Hampton, VA

Download Offering Materials: Fox Hill Apartments

Capstone Apartment Partners is pleased to present the free & clear or loan assumption purchase opportunity of Fox Hill Apartments: a 1973 vintage, 96-unit garden-style apartment community located in Hampton, Virginia. Fox Hill has been exceptionally well-maintained since current ownership took over the property, focusing on targeted Capex and moderately renovating four units to prove rental premiums up to $160. Despite four units achieving significant premiums over classic units, Fox Hill is ideally positioned to implement a full-scale luxury upgrade package to better compete with local competitors and achieve premiums up to $360. Located in northeast Hampton, residents of Fox Hill enjoy a quiet living environment surrounded by residential neighborhoods and a plethora of Class A retail options all within a short commute. With positive submarket multi-family fundamentals, an excellent location proximate to retail and major employers, and a robust value-add program to implement, Fox Hill Apartments represents one of the premier investment opportunities in Hampton.

Investment Highlights:
Significant Value-Add Opportunity
Strong Multi-family Fundamentals in the Hampton Submarket
Situated Amongst Major Employers
Suburban Setting with Proximity to Major Retail and Amenities