View Full Details
Multifamily
Blue Ridge Apartments
Winchester, VA
194 Units
Built in 1989
Value Add
Investment Highlights
- STRONG LEASE TRADE OUTS - Lease-over-Lease trade outs have averaged 6.4% year-to-date. Trade outs, organic rent growth and value-add upside provide levers to drive NOI growth
- BURGEONING WINCHESTER APARTMENT MARKET - The Winchester apartment market has demonstrated 6.5% compounded annual rent growth over the past three years. Vacancy at Blue Ridge is 3%
- PROVEN VALUE-ADD OPPORTUNITY - Premiums for moderately renovated units range from $150 to $250 for flat-style apartments & townhomes respectively
Exclusively listed by
Broker of Record
Brian Hosey
Senior Vice President/Division Manager