Axis 147

Posted: 9/18/2017
296 Units
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About Axis 147

Offers due:  Thursday, November 2, 2017

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present Axis 147 a 296-unit value-add apartment community located in Chesterfield County Virginia, one of the Richmond areas best suburbs. Built in 1976, Axis 147 has seen significant property enhancements leaving limited additional capital required for a new owner. The Property recently completed construction of a new clubhouse / leasing center / amenity center which differentiates it from similar vintage properties in the market. The Property has achieved significant rental premiums associated with an interior kitchen and bath upgrade program which can be continued by the next owner. Axis 147 is located in the heart of Chesterfield County, one of the most affluent in the Richmond area and adjacent to the region’s largest mall with significant convenience retail and entertainment within walking distance. Chesterfield County’s only Wegmans is located 5 minutes from the Property. Axis 147’s exceptional location and significant renovation upside presents investors with the rare opportunity to acquire a well maintained, value-add apartment community with significant future growth prospects within the expanding Richmond economy.