THE OFFERING
A luxury 4-unit short-term rental investment opportunity
located one block from Virginia Beach's oceanfront. The asset
is comprised of a 2-bedroom, 1-bathroom flat, and three
3-bedroom, 1-bathroom flats. Originally constructed in 1920,
the building benefits from grandfathered status for short-term
rentals, eliminating the need for extra permits or retrofits. The
building was completely gutted and renovated in 2020, and
features a new roof, central HVAC system, upgraded bathrooms
and fixtures, and new flooring throughout.

EASE OF OPERATIONS
The Property is currently being managed by a local property
management firm specializing in the short-term market. The
property manager is available to continue managing the asset for
new ownership. This provides new ownership with a seamless
and uninterrupted transition into operations.

IRREPLACEABLE LOCATION
The Property is in Virginia Beach's thriving Vibe Creative District
and one block from the oceanfront, locking new ownership
into a highly sought after vacation destination with long-term
durability due to its location. This presents new ownership with
an opportunity to capitalize on a high-performing asset in an
irreplaceable location.

PRIME SHORT-TERM RENTAL SUB-MARKET
Virginia Beach was recently named a top 10 sub-market for
short-term rental assets, measured by owner's profitability.
The Property is 5 blocks from one of the largest tourism
developments in Virginia Beach's history, Atlantic Park. The
development, which is set to open Spring 2025, consists of a
3,500-seat entertainment venue, parking garage and wave park.
New ownership can capitalize on increasing demand driven by
Virginia Beach's continued commitment to becoming a top tourist
destination in the Mid-Atlantic.