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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
Broker of Record
Brian Hosey
Senior Vice President/Division Manager