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Listing Presented by Wainwright & Co. - REALTORS
(540) 387-5800
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 Listing Presented By:Wainwright & Co. - REALTORS
Office Phone:(540) 387-5800
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MLS#: 913986
$60,000,000
2595 Waterlick RD
Lynchburg
VA
24502
Active
Description:
The Epiphany @ Blue Ridge Commons is an exclusive enclave of 240 meticulously designed luxury apartment units that will blend sophistication with comfort. Construction and lease-up soon to begin. This community is strategically priced with a conservative 6% CAP Rate that comes in 5M under market value, positioning experienced investors with a huge upside and built in equity. Conveniently located near major highways and public transportation this community will also feature resort-style amenities with a luxury clubhouse, pool, and fitness center.
Directions:
460 E to Leesville Rd exit to left or Waterlick to property on the right
Property Type: MULTIFAMILY Property Sub-Type: Apartments Area: 2000 - Campbell County Square Feet: 25000
Age:
0 Basement: Slab Elem. School: Other - See Remarks Middle School: Other - See Remarks High School: Other - See Remarks County: Campbell County Subdivision: N/A Acres:
5.0000
Taxes: $200,000.00 Total Units: 240 Lessor Pays: Lawn Care Cooling: Heat Pump Electric Heat: Heat Pump Electric Lot Num: 0 Sewer: Public Sewer Water: Public Water
Financing:
Gross Income: $4,824,000.00 Taxes: $200,000.00 Net Op Income: $3,618,000.00
FEATURES:
Basement
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