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Multifamily

West Springfield Terrace

West Springfield, VA

244 Units

Built in 1978

Value Add

Investment Highlights

  • Highly Sought-After Residential Neighborhood with Exclusive Access to Top Public High School Amongst Apartment Communities
  • 75%+ Units Primed for Proven Value-Add Upside with $100 Premiums
  • Opportunity to Reimagine Entire Amenities Offering to Cater to Family-Oriented Resident Base and Enhance Top-Line Growth
  • Government-Related Employment Is a Driving Force in Springfield, Including Fort Belvoir with 3x the Employees of The Pentagon
  • Over 3.6M SF of Standout Retail within 3.5-Mi Radius, Including Whole Foods, Trader Joe's, and The St. James Flagship Academy
  • Opportunity to Efficiently Convert 57 2x1 units to 2x2s to Elevate Leased Rent as Demonstrated by Competitive Set

Exclusively listed by

  • Robert G. Dean

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3772

    rdean@ipausa.com

    Washington, D.C., MD

    License(s): MD: 5013691, DC: SP98377025, VA: 0225262193

  • Jonathan Greenberg

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3771

    jgreenberg@ipausa.com

    Washington, D.C., MD

    License(s): VA: 0225058075, DC: SP102482

Broker of Record

Brian Hosey

Senior Vice President/Division Manager

(202) 536-3700

License(s): VA: 0225247494

Virginia

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