804-819-9948
2075 Langhorne Rd, Lynchburg, VA for Sale
Apartments - FOR SALE
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2075 Langhorne Rd
Lynchburg, VA 24501
Tate Springs


HIGHLIGHTS

  • 114-unit community situated in Lynchburg’s core healthcare corridor
  • Significant renovation program completed with more than $1M invested since 2023
  • 92% current occupancy with proven demand drivers from major institutions
  • Rent upside potential supported by recent Class A benchmarks and submarket growth
  • Strategically located less than one mile from Centra Health’s headquarters and minutes to Liberty University
  • Expansive 7.07-acre site with existing amenity space and on-site parking

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to present McCausland Ridge Apartments, a 114-unit garden-style apartment community located in Lynchburg, Virginia. The property is positioned within Lynchburg’s primary healthcare corridor, anchored by Centra Health, with a capital program underway and a clear path to rent growth through continued unit renovations and operational execution. Ownership has completed a substantial portion of the capital improvements, allowing new ownership to focus on unit renovations, lease optimization, and ancillary income growth. In-place rents remain below competitive levels, with adjacent Class A delivery establishing a higher rent ceiling within the immediate trade area. While the broader market has experienced new supply, demand remains supported by durable healthcare-driven employment, with limited near-term deliveries expected to stabilize fundamentals. The investment is defined by a low basis and a disciplined, income-driven business plan.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

114

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McCausland Ridge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

125

LAND DETAILS

LAND ACRES

7.68 AC

LAND SF

334,541 SF

ZONING

252901

APN/PARCEL ID

016-01-007

ASK ABOUT THIS PROPERTY

Clay TaylorCushman & Wakefield | ThalhimerMore Info
804-819-9948

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Clay TaylorCushman & Wakefield | ThalhimerMore Info
804-819-9948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.