The community includes 112 spacious two-bedroom, two-bathroom floorplans equipped with stackable washers and dryers. Historically well occupied and often with a tenant waiting list, Carolanne Terrace has tremendous room for revenue growth through a strategic value-add program.
The property is located at 5528 Carolanne Terrace in Virginia Beach between the Virginia Beach Town Center and downtown Norfolk offering convenient access to major employers and the region’s top retail.
G.S. (Hank) Hankins, senior vice president; Victoria Pickett, first vice president; Charles Wentworth, senior vice president; Will Mathews, managing director; Clay Ellis, associate; and Garrison Gore, associate, with the Colliers National Multifamily Advisory Group represented the seller.