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McCausland Ridge 2075 Langhorne Rd 114 Unit Apartment Building For Sale Lynchburg, VA 24501
Investment Highlights
- 114-unit community situated in Lynchburg’s core healthcare corridor
- 92% current occupancy with proven demand drivers from major institutions
- Strategically located less than one mile from Centra Health’s headquarters and minutes to Liberty University
- Significant renovation program completed with more than $1M invested since 2023
- Rent upside potential supported by recent Class A benchmarks and submarket growth
- Expansive 7.07-acre site with existing amenity space and on-site parking
Executive Summary
Cushman & Wakefield | Thalhimer is pleased to present McCausland Ridge Apartments, a 114-unit garden-style apartment community located in Lynchburg, Virginia. The property is positioned within Lynchburg’s primary healthcare corridor, anchored by Centra Health, with a capital program underway and a clear path to rent growth through continued unit renovations and operational execution. Ownership has completed a substantial portion of the capital improvements, allowing new ownership to focus on unit renovations, lease optimization, and ancillary income growth. In-place rents remain below competitive levels, with adjacent Class A delivery establishing a higher rent ceiling within the immediate trade area. While the broader market has experienced new supply, demand remains supported by durable healthcare-driven employment, with limited near-term deliveries expected to stabilize fundamentals. The investment is defined by a low basis and a disciplined, income-driven business plan.
Property Facts
| Sale Type | Investment | Lot Size | 7.68 AC |
| No. Units | 114 | Building Size | 89,720 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Zoning | 252901 | ||
| Sale Type | Investment |
| No. Units | 114 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.68 AC |
| Building Size | 89,720 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | 252901 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Storage Space
- Kitchen
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Dining Room
- Patio
Site Amenities
- 24 Hour Access
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 50 | - | 700 |
| 2+1 | 64 | - | 855 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 016-01-007 | Improvements Assessment | $7,175,673 CAD |
| Land Assessment | $1,220,190 CAD | Total Assessment | $8,395,863 CAD |
Property Taxes
Parcel Number
016-01-007
Land Assessment
$1,220,190 CAD
Improvements Assessment
$7,175,673 CAD
Total Assessment
$8,395,863 CAD
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McCausland Ridge | 2075 Langhorne Rd
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