900 E Westover Ave
Colonial Heights, VA 23834
Colonial Court Townhouses · Multifamily Property For Sale · 64 Units

Colonial Court Townhomes consist of 64 two-bedroom townhouse apartments located in the city of Colonial Heights, Virginia. These apartments offer an investor a steady income stream with very strong rental history and substantial long term upside. The property is located within a single family neighborhood, and it’s prime location is within walking distance of numerous shopping and retail locations. Additionally, the location allows tenants great access to all parts of the Richmond Metro Area. The property is situated in a park-like atmosphere with plentiful parking. The units are each 800 square feet and have two bedrooms and one bath along with a kitchen, dining area, and living room. Many units boast new appliances, flooring, and carpet as the owner has undertaken extensive renovations within the past few years. Amenities include forced air heat and central air cooling. The rent includes water, sewer and trash, while the tenants pay for their own electric which heats and cools the apartments. The rents are in the .85 per square foot range, leaving the purchaser of this property the ability to increase rents over a relatively short period of time. Given Colonial Court’s location in Colonial Height and it’s proximity to Richmond proper, this property is a strong rental play for any investor.