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The Fountains at Poquoson 200 Fountains Ln

8 Unit Apartment Building $2,650,000 ($331,250/Unit) Poquoson, VA 23662

Investment Highlights

  • Restaurant and office space on the ground floor
  • Reserved parking for residential apartments
  • 8 beautiful residential apartments on the upper floors
  • Walking distance to retail

Executive Summary

Reduced price and a CAP rate of over 7%.
The Fountains at Poquoson is an 8-unit apartment building with both 2 and 4 bedroom units. There is restaurant and office space on the ground floor with 8 beautiful residential units on the upper floors. Apartment access is limited to residents via staircases and an elevator.

Property Facts

Price $2,650,000
Price Per Unit $331,250
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Lot Size 2.52 AC
Building Size 23,600 SF
No. Stories 4
Year Built 2016
Parking Ratio 0.51/1,000 SF

Unit Amenities

  • Air Conditioning

Site Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-10-00-0004
Land Assessment
$295,500
Improvements Assessment
$1,525,400
Total Assessment
$1,820,900
  • Listing ID: 25691102

  • Date on Market: 5/12/2022

  • Last Updated:

  • Address: 200 Fountains Ln, Poquoson, VA 23662

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