$60,000,000

2595 Waterlick Rd Lynchburg, VA 24502

Timberlake Neighborhood

Estimated payment $388,508/month

Total Views 41,206
-- Bed
-- Bath
25,000 Sq Ft
$2,400 Price per Sq Ft

About This Home

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.

Listing Agent

Scottie Booker

Divine Fog Realty Company LLC License #0225178488 Listed on: 07/31/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $816

Lot Details

  • 5 Acre Lot

Home Design

  • 25,000 Sq Ft Home

Schools

  • Leesville Road Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Community Details

  • Net Lease
  • Gross Income $4,824,000
  • Net Operating Income $3,618,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$816

Lot Details

0

Listing Details

  • Days On Market: Yes
  • Prop. Type: Multi-Family
  • Year Built: 9999
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 4824000.00
  • Unit Info Number Unfurnished Units: 240
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No

Schools

  • Elementary School: Leesville Road Elem
  • High School: Brookville High
  • Middle School: Brookville Midl
  • Junior High Dist: Campbell

Lot Info

  • Acres: 5.0000
  • Lot Size Sq Ft: 217800.00
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 1

Multi Family

  • Number Of Units Total: 240
  • Existing Lease Type: Net
  • Net Operating Income: 3618000.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2022 $816 $156,900 $42,000 $114,900
2021 $816 $156,900 $42,000 $114,900
2020 $816 $153,000 $38,000 $115,000
2019 $796 $156,900 $42,000 $114,900
2018 $796 $153,000 $38,000 $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 For Sale $60,000,000 -- $2,400 / Sq Ft
Source: Lynchburg Association of REALTORS®

Source: Lynchburg Association of REALTORS®

MLS Number: 353779

APN: 0210-0A000-060-0

Virginia Campbell County Lynchburg 24502 Timberlake

2595 Waterlick Rd, Lynchburg, VA

This home is located at 2595 Waterlick Rd, Lynchburg, VA 24502 and is currently priced at $60,000,000, approximately $2,400 per square foot. 2595 Waterlick Rd is a home located in Campbell County with nearby schools including Leesville Road Elementary School, Brookville Middle School, and Brookville High School.

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Nearby Homes
Scottie Booker
Listing Agent
Scottie Booker
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Divine Fog Realty Company LLC
(434) 280-3244