1201 W City Point Rd | Hopewell, VA 23860
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1201 W City Point Rd
Hopewell, VA 23860
Hopewell Lofts · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- The Property is 96% leased and management is easily increasing rents by 10% at renewals and trade outs.
- Supply constrained Hopewell submarket is 98.6% occupied with no units under construction.
- Eliminate interest rate risk with assumable loan fixed at 2.55%. Secondary financing available.
- Capture the competition’s $150/month rent premium with a discretionary value-add program
- Submarket rents and property gross income increased nearly 10% over the past year.
PROPERTY FACTS
| No. Units | 50 | Lot Size | 3.72 AC |
| Property Type | Multifamily | Building Size | 57,664 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1925/2010 |
| Zoning | R4 | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.72 AC |
| Building Size | 57,664 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2010 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Refrigerator
- Range
- Smoke Free
SITE AMENITIES
- Furnished Units Available
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 - 781 |
| 2+1 | 3 | - | 881 - 950 |
| 2+2 | 24 | - | 885 - 1,100 |
| 3+2 | 13 | - | 1,690 |
PROPERTY TAXES
| Parcel Number | 030-0252 | Improvements Assessment | $4,272,700 |
| Land Assessment | $400,000 | Total Assessment | $4,672,700 |
PROPERTY TAXES
Parcel Number
030-0252
Land Assessment
$400,000
Improvements Assessment
$4,272,700
Total Assessment
$4,672,700
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
