Meadow View_2

4801 Marshall Ave. Newport News, VA
(400 Units)

The property contains two parcels, a 250-unit parcel and a 400-unit parcel. Strategic Holdings acquired the 400-unit parcel on November 21, 2014 for $4,313,000. Strategic Holdings invested approximately $14,000,000 in order to renovate this section of the property. On March 12, 2018, the property was sold for approximately $24,500,000, showing an estimated profit of $6,000,000 after sales costs.

See 250-unit Parcel

DETAILS 

Sales Price $24,500,000
Acquisition Price:  $4,313,000
Costs:  $14,000,000
Profit: $6,000,000

ADDITIONAL DETAILS