The Opportunity

As exclusive agent for the seller, Berkadia is pleased to present Maple Bay Townhomes, a 414 unit community, in Virginia Beach, VA. Maple Bay Townhomes is a truly compelling apartment investment opportunity due to its size, design and location.

Unique Design

The brick townhome design sets a unique and timeless niche with large square footage and family style living, a combination guaranteeing broad appeal to residents. With 1, 2 and 3 BR townhomes averaging 1,200 sf, Maple Bay Townhomes presents inherent advantages over the competition.

Class A Location

Situated off I-264 in the Hilltop section of Virginia Beach, the location of Maple Bay Townhomes is superb and clearly delivers the coveted “B property in an A location” scenario. With the city of VA Beach already considered an extremely strong multifamily market with positive trends, the Hilltop submarket is one of the most desirable sections of the city and Hampton Roads overall.

Renovated in 2007

The property was renovated in 2007, including new windows, club house, and fitness center. In-unit renovations included kitchens, baths, and washer and dryers (in select units). The amenity package includes a resort-style pool, fitness center, club house, dog park, business center, and storage units. Aside from the current advantages at the property, additional value-add opportunities remain. With new management initiatives, Maple Bay Townhomes is very well positioned to flourish as a community of choice within the oceanfront district and present the new owner with outstanding long term returns.