Colonial Heights Apartments | 112 Colonial Ct
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Colonial Heights Apartments 112 Colonial Ct
64 Unit Block of Flats £3,794,883 (£59,295/Unit) Danville, VA 24540
Investment Highlights
- 24 one-bedroom units, 39 two-bedroom units and a charming renovated single-family home
- Located near local quaint restaurants, venues, newly constructed community splash pad
- Less than 2 miles from the up-and-coming Caesars Virginia Casino
Executive Summary
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.
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.
Property Facts Under Contract
| Price | £3,794,883 | Building Class | C |
| Price Per Unit | £59,295 | Lot Size | 4.13 AC |
| Sale Type | Investment | Building Size | 80,156 SF |
| No. Units | 64 | Average Occupancy | 98% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | £3,794,883 |
| Price Per Unit | £59,295 |
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.13 AC |
| Building Size | 80,156 SF |
| Average Occupancy | 98% |
| Number of Floors | 2 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
| 2+1 | 20 | - | - |
| 3+1.5 | 14 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,632,034 | |
| Land Assessment | £88,808 | Total Assessment | £1,720,842 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£88,808
Improvements Assessment
£1,632,034
Total Assessment
£1,720,842
zoning
| Zoning Code | MF (Multi Family Zoning) |
| MF (Multi Family Zoning) |
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Colonial Heights Apartments | 112 Colonial Ct
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