Turnpike Terrace

Posted: 2/21/2021
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About Turnpike Terrace

The Cushman & Wakefield Mid-Atlantic Private Client Group is pleased to present the exclusive listing of Turnpike Terrace in Portsmouth, VA . The 41-unit Property offers future ownership the rare opportunity to acquire a turn-key workforce housing asset with consistent yields, and an attractive cash on cash return. Management has made significant capital improvements and interior unit upgrades to the Property in the past three years, including the installation of In-Unit Washer/Dryers. Turnpike Terrace offers a favorable unit mix of Two Bedroom and Three Bedroom Apartments. The Property is less than 5 miles from Sentara Hospital, the second largest employer in Hampton Roads, with over 20,000 employees in the region