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The Epiphany at Blue Ridge Commons 2595 Waterlick Rd 240 Unit Apartment Building $76,775,602 CAD ($319,898 CAD/Unit) 6.55% Cap Rate Lynchburg, VA 24502

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EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $76,775,602 CAD
Price Per Unit $319,898 CAD
Sale Type Investment
Cap Rate 6.55%
No. Units 240
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 5.00 AC
Construction Status Proposed
Building Size 25,000 SF
No. Stories 4
Year Built 2027

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 240 - -
  • Listing ID: 32768433

  • Date on Market: 2024-08-12

  • Last Updated:

  • Address: 2595 Waterlick Rd, Lynchburg, VA 24502

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