411 Afton Pond Ct | Charlottesville, VA 22902
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- LoopNet Team
411 Afton Pond Ct
Charlottesville, VA 22902
Fifth Street Place · Multifamily Property For Sale
·
200 Units
INVESTMENT HIGHLIGHTS
- Exceptional Property Level Fundamentals - 99% occupancy with 11.5% rent growth on past 30 leases
- Supply Constrained, High Barrier to Entry Market with Zero New Supply in 3 Mile Radius
- Identifiable Value-Add Component
- Compelling Growth Story with Improving Revenue Trend
- Below Replacement Cost
- Diversified Employment Base with 3.6% Annual Job Growth
PROPERTY FACTS
| No. Units | 200 | Lot Size | 17.23 AC |
| Property Type | Multifamily | Building Size | 324,004 SF |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2018 |
| Zoning | R10 | ||
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 17.23 AC |
| Building Size | 324,004 SF |
| Average Occupancy | 99% |
| No. Stories | 4 |
| Year Built | 2018 |
| Zoning | R10 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Patio
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Fitness Center
- Pool
- Property Manager on Site
- Grill
- Community-Wide WiFi
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 136 | - | 739 - 867 |
| 2+2 | 64 | - | 1,064 - 1,210 |
PROPERTY TAXES
| Parcel Number | 07600-00-00-054A2 | Improvements Assessment | $44,800,400 |
| Land Assessment | $5,000,000 | Total Assessment | $49,800,400 |
PROPERTY TAXES
Parcel Number
07600-00-00-054A2
Land Assessment
$5,000,000
Improvements Assessment
$44,800,400
Total Assessment
$49,800,400
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