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The Jeffersonian 2401 Arlington Blvd 83 Unit Apartment Building For Sale Charlottesville, VA 22903
INVESTMENT HIGHLIGHTS
- Exceptional Property Level Fundamentals - 100% occupied, no concessions, 11% YoY organic rent growth(15.6% trade outs, 6.7% renewals)
- Proximity to campus drive premium rents and high demand from student orientated tenants
- Irreplaceable location adjacent to UVA Law and Darden Business schools, and a short walk to JPJ Arena, Barrack Road Shopping Center
EXECUTIVE SUMMARY
Walker & Dunlop Investment Sales, LLC (“WDIS”) is pleased to present The Jeffersonian, an exceptional investment opportunity in the heart of Charlottesville, VA. Consisting of 83 units, The Jeffersonian stands out as excellent value-add opportunity that is currently achieving double-digit rent growth and compelling property fundamentals.
Located in the highly sought-after Barracks Road neighborhood, The Jeffersonian offers the perfect blend of classic charm and unbeatable accessibility in Charlottesville, VA. Students and professionals alike flourish in this premier location, just walking distance— to the University of Virginia's Law School, Darden School of Business, and the main campus. The community of 83 units provides residents with a tranquil retreat that is also steps away from local life. Residents have the convenience of walking to the Barracks Road Shopping Center that contain over 60 stores for groceries, dining, and specialty shops.
The combination of The Jeffersonian’s exceptional value-add upside, prime Charlottesville location and high barriers to entry, all within a strong multifamily submarket makes this an extremely rare investment opportunity.
Located in the highly sought-after Barracks Road neighborhood, The Jeffersonian offers the perfect blend of classic charm and unbeatable accessibility in Charlottesville, VA. Students and professionals alike flourish in this premier location, just walking distance— to the University of Virginia's Law School, Darden School of Business, and the main campus. The community of 83 units provides residents with a tranquil retreat that is also steps away from local life. Residents have the convenience of walking to the Barracks Road Shopping Center that contain over 60 stores for groceries, dining, and specialty shops.
The combination of The Jeffersonian’s exceptional value-add upside, prime Charlottesville location and high barriers to entry, all within a strong multifamily submarket makes this an extremely rare investment opportunity.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Wi-Fi
- Den
- Patio
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 34 | - | 575 - 685 |
| 2+1 | 49 | - | 795 - 925 |
PROPERTY TAXES
| Parcel Number | 060001900 | Improvements Assessment | $14,480,512 CAD |
| Land Assessment | $3,460,869 CAD | Total Assessment | $17,941,381 CAD |
PROPERTY TAXES
Parcel Number
060001900
Land Assessment
$3,460,869 CAD
Improvements Assessment
$14,480,512 CAD
Total Assessment
$17,941,381 CAD
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The Jeffersonian | 2401 Arlington Blvd
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