Heritage Acres Apartments | 201 Brickyard Dr
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Heritage Acres Apartments 201 Brickyard Dr
40 Unit Apartment Building $4,650,000 ($116,250/Unit) Dillwyn, VA 23936
Investment Highlights
- Stabilized with Value Add Potential!
Executive Summary
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!
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $4,650,000 | Building Class | C |
| Price Per Unit | $116,250 | Lot Size | 5.00 AC |
| Sale Type | Investment | Building Size | 50,000 SF |
| No. Units | 40 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1986 |
| Apartment Style | Garden | Parking Ratio | 1.28/1,000 SF |
| Price | $4,650,000 |
| Price Per Unit | $116,250 |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | 1,000 |
| 3+2 | 12 | - | 1,200 |
zoning
| Zoning Code | Medium Density Res. |
| Medium Density Res. |
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Heather Placer Mull -
Shaheen, Ruth, Martin and Fonville Real Estate
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Heritage Acres Apartments | 201 Brickyard Dr
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