804-690-1482
3900 Forest Hill Ave, Richmond, VA for Sale
Apartments - FOR SALE
1/67
null | Request Cap Rate

3900 Forest Hill Ave
Richmond, VA 23225
Reedy Creek


HIGHLIGHTS

  • HIGHLY SOUGHT AFTER LOCATION
  • GROWING DEMAND & LIMITED SUPPLY
  • COMPELLING DEBT ASSUMPTION OPPORTUNITY
  • EXTENSIVE UPGRADES
  • GROW NOI WITH ANCILLARY INCOME
  • ADD VALUE WITH IN-UNIT WASHER/DRYERS & REDUCE PERSONNEL OVERHEAD

OVERVIEW

The Park at Forest Hill is an 81-unit garden-style apartment community located in Richmond, Virginia’s desirable Forest Hill neighborhood, offering a stabilized investment with upside supported by strong occupancy and below-market in-place rents. The property benefits from durable construction, efficient unit layouts, and proximity to neighborhood retail, parks, and major employment corridors, driving consistent renter demand in a supply- constrained submarket. Current ownership has invested more than half a million dollars in interior and exterior upgrades, but there are many value-add levers left to pull. Future ownership can enhance revenue through operational improvements such as utility bill-back implementation, ancillary income programs, and conversion of non-revenue space to rentable units, all without heavy renovation risk. Combined with favorable assumable financing and demonstrated rent growth within the immediate competitive set, The Park at Forest Hill presents a compelling opportunity to acquire a well-located Richmond asset with durable cash flow and clear pathways to NOI expansion. *Contact agents for pricing

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

81

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Park at Forest Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,464 SF

ZONING

R-53

APN/PARCEL ID

S000-2155-023

ASK ABOUT THIS PROPERTY

Ryan RileeOne South CommercialMore Info
804-690-1482

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Ryan RileeOne South CommercialMore Info
804-690-1482

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