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Multifamily

Chase Heritage

Sterling, VA

236 Units

Built in 1986

Value Add

Investment Highlights

  • OUTSIZED, PROVEN VALUE-ADD OPPORTUNIY - "Renovation 3" units at the Property are garnering monthly premiums of $215+ per unit and less than 10% has been brought up to this renovation level
  • UPGRADED COMMUNITY AMENITIES - Ownership has spent $1.4 million ($5,900/unit) in capital expenditures & property updates since 2021, including the pool, the clubhouse and fitness center, & exterior
  • TRANSFORMATIONAL LOCAL COMMERCIAL DEVELOPMENT - Loudoun County is home to two transformational mixed-use developments that will feature over 7.5M SF of office space and 900K SF of retail

Exclusively listed by

  • Jonathan Greenberg

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3771

    jgreenberg@ipausa.com

    Washington, D.C., MD

    License(s): DC: SP102482

  • Robert G. Dean

    Senior Managing Director Investments

    Washington, D.C., MD

    (202) 536-3772

    rdean@ipausa.com

    Washington, D.C., MD

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

Broker of Record

Brian Hosey

Senior Vice President/Division Manager

(202) 536-3700

License(s): VA: 0225247494

Virginia

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