Colliers International is pleased to announce the sale of Carolanne Terrace, a multifamily community, from B&W Properties to MRKT Capital.
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 Virginia Beach Town Center and downtown Norfolk offering convenient access to major employers and the region’s top retail.