Address: 200 Mal Mae Ct, Williamsburg, VA 23185, USA
Created date: November 19, 2024
Date last updated: February 6, 2025
Property Description
Newmark Southern Virginia Multifamily, as exclusive advisor, is pleased to present District at Williamsburg, a 128-unit proven value-add investment opportunity in the Williamsburg submarket. Significant capital investment has transformed The District at Williamsburg, improving its buildings and common areas to deliver strong curb appeal. With direct competitors achieving premiums of $200 across all floorplans, The Property has substantial runway for rent growth and primed for a comprehensive value-add program that will better compete with neighboring top-of-market competitors. Submarket rent growth projections remain robust, averaging over 3% annually across all major research databases over the next five years.