Walker & Dunlop Investment Sales, LLC is pleased to present Fifth Street Place, a 200-unit, Class-A mid-rise community located minutes from downtown Charlottesville, VA. Built in 2018, Fifth Street Place offers a compelling investment opportunity with average unit rents 24% below market comparable rents. The property has experienced robust leasing trends over the past 90 days, averaging 11.7% effective rent growth on new leases, and 6.0% rent growth on renewals. Furthermore, there are 23 affordable units that burn-off in August of 2028. Ideally situated along Fifth Street, residents enjoy direct access to Route 64 and are located just 3 miles from UVA’s campus, recently ranked the 4th best public national university by U.S. News & World Report, and the Downtown Charlottesville Mall, featuring 150+ shops and restaurants. In addition, the community is just steps away from Fifth Street Station, featuring a 140K SF Wegmans, Dick’s Sporting Goods, Planet Fitness, Alamo Drafthouse Cinema, Starbucks, and more. Fifth Street Place’s exceptional asset quality with potential for rental growth upside, combined with its highly centralized location in one of Charlottesville’s most desirable pockets, and favorable multifamily fundamentals make this an extremely rare investment opportunity that will undoubtedly enhance any portfolio.