Map of Property

Lake Village Apartments

Lake Village, Chesapeake, VA 23323

  • For Sale Contact for pricing
  • Property Type Other
  • Lot Size 11.62 SF
  • Year Built 1972
  • Date Updated Jun 12, 2025

​​​​​​​184 UNITS WITH PROVEN VALUE-ADD UPSIDE​​​​​​​ LOCATED IN AFFLUENT CHESAPEAKE, VA

Colliers is pleased to present Lake Village, a 184-unit community with proven value-add upside located in affluent Chesapeake, VA. Positioned minutes from the Port of Virginia and 15,000+ jobs at Norfolk Naval Shipyard, the property has a track record of strong demand and stable occupancy averaging 94% over the last 3 months. New ownership will leverage excellent demand (69% renewal rate in the last 6 months), no new supply over the next 3+ years, and strong effective market rent growth (averaging 3.49% from 2026 to 2028) to time value-add im provements perfectly.

 

128 units (70%) are in classic condition featuring oak cabinets, white appliances, and laminate countertops. 56 units (30%) have been renovated with upscale finishes such as hardwood-style floors, quartz countertops, subway tile backsplash, modern cabinets, new fixtures, and black appliances. Renovating all 184 units to the highest level will unlock substantial untapped annual revenue.

 

In great physical condition and recently infused with capital into deferred maintenance and landscaping, Lake Village offers a comprehensive amenity package that allows new ownership to focus investment capital on unit interior revenue-generating improvements.

94% Occupied

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
William Mathews
broker
Thomas Leachman

Location

Getting Around

  • Walk Score ®

    32/100 Car-Dependent

  • Transit Score ®

    24/100 Minimal Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Chesapeake, VA
  • Neighborhood Broadmoor
  • Zip Code 23323
  • Market Richmond Tidewater

Points of Interest

  • MacArthur Square

    5.28 miles

  • Civic Plaza

    5.29 miles

  • Harbor Park

    5.39 miles

  • Norfolk

    5.42 miles

  • Monticello

    5.56 miles

  • York Street/Freemason

    5.60 miles

  • NSU

    5.77 miles

  • EVMC/Fort Norfolk

    5.77 miles

  • Ballentine/Broad Creek

    6.35 miles

  • Ingleside Road

    6.90 miles

  • Amoco

    0.13 miles

  • Shell

    0.41 miles

  • 7-Eleven

    0.47 miles

  • Mobil

    0.52 miles

  • Sunoco

    0.56 miles

  • Wawa

    0.96 miles

  • Exxon

    1.64 miles

  • Electric Vehicle Charging Station

    7.91 miles

  • Tesla Supercharger

    8.16 miles

  • Lot 42

    2.59 miles

  • County Street Garage

    4.24 miles

  • Civic Center Lot

    4.29 miles

  • Water Street Garage

    4.33 miles

  • Middle Street Garage

    4.40 miles

  • Faculty Parking

    4.41 miles

  • Overflow Parking

    4.45 miles

  • Boat Trailer Parking

    4.49 miles

  • 12th Grade Parking

    4.58 miles

  • Budget Lodge

    0.37 miles

  • Open 24 Lodge

    0.44 miles

  • Comfort Inn - Deep Creek

    0.65 miles

  • Days Inn

    1.03 miles

  • Econo Lodge

    3.39 miles

  • The Thrift Store Inn

    3.97 miles

  • WoodSpring Suites Chesapeake-Norfolk Greenbrier

    4.12 miles

  • Best Value Inn

    4.15 miles

  • Super Value Inn Ports Mouth/Olde Town Area

    4.20 miles

  • Savannah Suites

    4.30 miles

  • Domino's

    0.38 miles

  • Mi Rincon Latino Taqueria y Pupuseria

    0.44 miles

  • C & B Diner

    0.46 miles

  • Chanello's Pizza

    0.46 miles

  • McDonald's

    0.67 miles

  • The Pool Shack & BBQ Stand

    0.93 miles

  • Hardee's

    0.99 miles

  • Zino's Restaurant

    1.01 miles

  • Rally's

    1.08 miles

  • Fortune China

    1.11 miles

  • G A Treakle Elementary School

    0.27 miles

  • Camelot Elementary School

    1.05 miles

  • Joyous Sound Education and Enrichment Center

    1.25 miles

  • Cradock Elementary School

    1.44 miles

  • Deep Creek Middle School

    1.63 miles

  • Deep Creek Elementary School

    1.82 miles

  • William E. Waters Middle School

    1.89 miles

  • Busy Bee Nursery - Kindergarten

    1.96 miles

  • Deep Creek High School

    1.98 miles

  • Cradock Middle School

    2.02 miles

  • Jolies Kindercare & Preschool

    0.52 miles

  • Quality Day Care

    4.20 miles

  • Day Care Child Dev Tidewater L/h

    4.25 miles

  • Primrose School at Cahoon Commons

    4.31 miles

  • Happyland Day Care Center

    4.36 miles

  • Apple Tree Learning Center

    4.48 miles

  • Creative World Day Care

    4.63 miles

  • KinderCare

    5.61 miles

  • La Petite Academy

    5.63 miles

  • A World of Children

    5.84 miles

Frequently Asked Questions

How much does Lake Village Apartments cost?

The sale price for Lake Village Apartments is available upon request. Contact the listing broker for more information.

What is the total square footage of Lake Village Apartments?

Lake Village Apartments totals 942 square feet.

When was this property built?

Lake Village Apartments was built in 1972.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Lake Village Apartments
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.