2595 Waterlick Rd Lynchburg, VA 24502
Timberlake NeighborhoodEstimated payment $348,037/month
Highlights
- 5 Acre Lot
- No HOA
- Home Under Construction
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
DIVINE FOG REALTY COMPANY LLC- ROANOKE License #0225178488 Listed on: 01/31/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $200,000
Home Design
- 25,000 Sq Ft Home
- Home Under Construction
- Brick Exterior Construction
- Slab Foundation
Additional Features
- 5 Acre Lot
- Heat Pump System
Community Details
Overview
- No Home Owners Association
- 240 Units
Building Details
- Gross Income $4,824,000
- Net Operating Income $3,618,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
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: Roanoke Valley Association of REALTORS®
MLS Number: 913986
APN: 0210-0A000-060-0
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