2595 Waterlick RD, Lynchburg, VA 24502
$60,000,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
217,800
Status:
Active
Current Price:
$60,000,000
List Date:
1/31/2025
Last Modified:
1/31/2025
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.
More Information MLS# 913986
General Property Description
Multi-Family Type: Apartments
Construction Status: Under Construction
Total Acreage: 5
# Furnished: 0
# Unfurnished: 240
# Leased Units: 0
Gross Bldg SQFT: 25000
Basement Y/N: No
Water Class: N/A
Parking Description: Public
Gross Income: 4824000
Number of Units: 240
Net Operating Income: 3618000
Location, Tax & Legal
Major Area: 20 - Campbell County
Phase: 3
Lot: 0
Block: 0
Tax ID: TBD
Annual Taxes: 200000
Section: 2
POA Y/N: No
Area: 2000 - Campbell County
Street Number: 2595
Street Name: Waterlick
Street Suffix: RD
State/Province: VA
Zip Code: 24502
Subdivision: N/A
Municipality: Campbell County
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks
Remarks & Misc
Directions: 460 E to Leesville Rd exit to left or Waterlick to property on the right
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Lawn Care: 1
Tenant Expenses
All Utilities: 1
Contract Information
Current Price: $60,000,000
List Price: $60,000,000
List Date: 2025-01-31
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Slab
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Lawn Care
Tenant Expenses: All Utilities
Listing Office:
DIVINE FOG REALTY COMPANY LLC- ROANOKE
Last Updated: January - 31 - 2025
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