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The Henley Townehomes

Portsmouth, VA

The Henley Exterior.PNG
The Henley Pool 1.PNG

In February 2021, Blackfin acquired The Henley Townhomes, a Class B, 155-unit townhome-style multifamily community in Portsmouth, VA. The Property was built in 1983 and is comprised of 1-bedroom, 2-bedroom, and 3-bedroom units, providing a renting experience that is unique to the submarket. The townhomes interiors and amenities are untouched since initial construction, offering ample opportunity to add value to the property through unit interior and common area amenity renovations. The property is ideally located in the growing Churchland neighborhood of Portsmouth and is strategically positioned along Route 164, providing convenient access to retail as well as easy connectivity to Norfolk, Newport News, Suffolk, and Chesapeake. The property benefits from close proximity to government-based employment hubs and major distribution center development projects in Suffolk and Chesapeake. The stability of the employment base, lack of new supply in the region, and strong market fundamentals create a unique investment opportunity.

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