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Capstone is pleased to present Abelia Square, a 104-unit, 1972 vintage apartment community in Portsmouth, Virginia. Abelia Square presents investors with an exceedingly rare opportunity to complete and expand on the in-place value-add program currently recognizing substantial premiums over classic units. Abelia Square has been exceptionally well-maintained, as current ownership has recently invested over $1,250,000 of capital expenditures. Abelia Square is strategically located surrounded by major demand drivers, thousands of jobs, and multiple Class A retail corridors. With minimal deferred maintenance, an ideal value-add opportunity, and an excellent location, Abelia Square offers investors a property poised for rent growth and steady occupancy for years to come.

Investment Highlights

Well Positioned Value-Add Asset with Attractive Assumable Debt Terms

Sizable Rent Growth Opportunity as Market Rents Trail Local Competitors

Surrounded by Pivotal Economic Drivers, Thousands of Jobs, and Class-A Retail

Strategically Positioned Amidst Burgeoning New Developments

  • Address 6020 Churchland Blvd Portsmouth, VA
  • City Portsmouth
  • State/county Virginia
  • Zip/Postal Code 23703

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