Effingham Plaza

Overview

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Effingham Plaza offers a vibrant and comfortable living solution in the heart of Portsmouth, Virginia. Established in 1978, this multifamily property has become a staple in the local community, providing residents with a blend of modern amenities and the comfort of home. Its prime location allows for easy access to the surrounding city, including shopping centers, restaurants, and entertainment options, making it an ideal choice for those seeking convenience and quality in their living environment.

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The complex boasts an array of features designed to enhance the lifestyle of its inhabitants. From the well-maintained grounds to the professional on-site management team, every aspect of Effingham Plaza is crafted with the resident’s satisfaction in mind. The property caters to a diverse range of individuals and families, offering a welcoming community atmosphere that residents are proud to call home.

Effingham Plaza is not just about the apartments themselves but the overall experience of living there. The commitment to maintaining a safe, engaging, and comfortable environment is evident in every detail, from the architectural design to the responsive maintenance services. It’s a place where community values and individual privacy are balanced, creating a harmonious living space for all.

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Amenities and Features Available to Residents and Their Visitors

Professionally managed and maintained
Spacious living areas
Modern appliances
On-site maintenance services
Community events
Convenient location close to shopping, dining, and entertainment
Safe and welcoming community atmosphere

Sources

Yelp Review: Yelp
Yardi Matrix Property Details: YardiMatrix
Public Housing Listing: PublicHousing
Rocket Homes Real Estate Listing: RocketHomes
LoopNet Property Overview: LoopNet 446 Effingham St
Realty.com Commercial Listing: Realty.com
LoopNet Retail Space Listing: LoopNet High St
Realtor.com Land Sale Listing: Realtor.com
Portsmouth City Council Public Hearing Document: PortsmouthVA.gov

Effingham Plaza Location

Address: 715 Madison St, Portsmouth, VA 23704

Phone: 757-393-4757

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About Portsmouth, Virginia

Portsmouth, a city located in the state of Virginia (VA), is home to a population of approximately 97,384 people. Portsmouth boasts a median age of 35.6, with around 21.4% of its residents aged 60 or above. 12.6% of the population identifies as US Veterans. 14.8% of Portsmouth residents are disabled. The city has an average household income of $57,154, while the unemployment rate stands at 6.6%, and around 17.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Portsmouth is $213,281, with a monthly rent averaging $1,225.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.