112 Colonial Ct - Apartments FOR SALE


Danville, VA 24540
$4,850,000 USD
434-489-1444
112 Colonial Ct, Danville, VA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

112 Colonial Ct
Danville, VA 24540


HIGHLIGHTS

  • 24 one-bedroom units, 39 two-bedroom units and a charming renovated single-family home
  • Less than 2 miles from the up-and-coming Caesars Virginia Casino
  • Located near local quaint restaurants, venues, newly constructed community splash pad

OVERVIEW

This unique listing presents an attractive opportunity for investors seeking to capitalize on the robust rental market in Danville, VA, with immediate income potential and the promise of sustained returns through tenant satisfaction and property appreciation. This commercial listing presents an exceptional investment opportunity which features 8 classic colonial buildings comprising a total of 64 mixed garden style units. They consist of 24 one-bedroom units, 39 two-bedroom units and a charming renovated single-family home with three bedrooms and one and a half baths that adds to the property's appeal. Less than 2 miles from the up-and-coming Caesars Virginia Casino! It is Centrally located near local quaint restaurants, venues, newly constructed community splash pad, and the Danville walking trail, which offers multiple outdoor activities. The owners have continued updating this beautiful complex. The updates Include new roofs, upgrades to HVAC, plumbing, electrical systems, luxury plank flooring and ongoing exterior landscaping. Eager prequalified prospects are currently on our waiting list for occupancy. Don't miss out on this lucrative investment opportunity. Contact us today for further details and to schedule a viewing.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

64

PRICE/UNIT

$75,781

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial Heights Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.13 AC

LAND SF

179,850 SF

ZONING

MF

APN/PARCEL ID

01246,01249,01251,51720,51721,51722

ASK ABOUT THIS PROPERTY

Michael ScearceHauser Realty GroupMore Info
434-489-1444

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Michael ScearceHauser Realty GroupMore Info
434-489-1444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.