Sycamore Apartments | Justin Ferguson

Closed

Sycamore Apartments

Price

$1,900,000

Units

Address

7131 Merrimac Trail Williamsburg, VA 23185

Contact MeLearn More About This Property

Offering Highlights

Transit Oriented
TRANSIT ORIENTED - 64, 564, 264, HRBT
• Easy Access to I-64, I-564, I-264 and Hampton Roads Bridge Tunnel 

Value-Add Opportunity
VALUE ADD OPPORTUNITY - Organic Rent & Interior Upgrade
• Immediate Organic Rent Growth Opportunity • Prime Candidate for Interior Upgrade Initiative

The College of William & Mary
THE COLLEGE OF WILLIAM & MARY
• 8,939 Students, 800+ Employees; Ranked 13th for Best Colleges for Chemistry Nationwide.

Ideal Demographic For Multifamily Demand
IDEAL DEMOGRAPHIC FOR MULTIFAMILY 
• High Affordability Gap Increased the Rent-by-Necessity Demographic Combined with a Strong 20-34 Age Renter Cohort from the Abundant Military Presence and Numerous Higher Educational Institutions

The Offering

Marcus & Millichap is pleased to present the offering Memorandum for Sycamore Apartments located at 7137 & 7141 Merrimac Trail in Williams-burg, VA. Sycamore Apartments has fifteen units across two,one-story buildings. The property was built in 1975. There are ten studio units, two one-bedroom, one-bathroom units, one two-bedroom, one-bathroom unit, and two two-bedroom, two-bathroom units. Sycamore Apartments is located in Hampton Roads, which is well known for its ports, shipyards, maritime-related industries, aerospace, history, food and beverage processing, and is home to every branch of the U.S. Armed Forces. Hampton Roads' seven universities and three community colleges graduate +/-17,000 students annually, consistently supplying a highly skilled workforce.