8832 Abilene Rd - Apartments FOR SALE
Farmville, VA 23901 |
8832 Abilene Rd
Farmville, VA 23901
HIGHLIGHTS
- Zero competition or development pipeline in a growing market
- Solid track record of 100% non-student occupancy with 6% rent growth at renewals and 10% at trade outs
- Monetize huge resident lounge, formerly the school auditorium, by adding premium amenitites or converting to several additional units
- Residual acreage included in the purchase is zoned by right for future residential development
- Proximity to Hampden-Sydney College and Longwood University provides student housing optionality
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Lofts at Worsham School
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
23725
STORIES
2
YEAR BUILT
1927
PARKING SPACES
41
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
064-A-59
