201 Brickyard Dr - Apartments FOR SALE


Dillwyn, VA 23936
$4,650,000 USD
804-638-3330
201 Brickyard Dr, Dillwyn, VA for Sale
$4,650,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

201 Brickyard Dr
Dillwyn, VA 23936


HIGHLIGHTS

  • Stabilized with Value Add Potential!

OVERVIEW

Tremendous value add opportunity! Stabilized multifamily property with potential for rent increases. Many renovations done over last few years; turn key property! Three bedroom units have washer/dryer hookup; central laundry area for the two bedroom units. 28 (2bed/1 bath) units and 12 (3 bed/1.5 bath) units. Up to eight additional units possible (buyer to check with the county and do all due diligence). Units have stayed steadily rented with a waiting list. Rare opportunity to purchase a cash flow investment with great upside!

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

40

PRICE/UNIT

$116,250

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Acres Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

64

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Medium Density Res.

APN/PARCEL ID

125-3-2-0B

ASK ABOUT THIS PROPERTY

Heather Placer MullShaheen, Ruth, Martin and Fonville Real EstateMore Info
804-638-3330

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Heather Placer MullShaheen, Ruth, Martin and Fonville Real EstateMore Info
804-638-3330

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