30 Unit Investment Opportunity Townhouse Style Apartments

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1 30 Unit Investment Opportunity Townhouse Style Apartments EXCLUSIVE LISTING FOR SALE W NINE MILE RD HENRICO COUNTY, VA $3,200,000 PID: HIGHLIGHTS 30 CONDO GRADE UNITS TOWNHOUSE STYLE RENOVATED IN 2008 GENEROUS PARKING 100% OCCUPANCY TOM ROSMAN JUSTIN SLEDD ISAAC WEINTZ ONE SOUTH COMMERCIAL 2314 WEST MAIN ST RICHMOND VA, ONESOUTHCOMMERCIAL.COM

2 TABLE OF CONTENTS 3 PROPERTY HIGHLIGHTS 4 PROPERTY SUMMARY 5 PHOTOS 8 LOCATION & EMPLOYMENT 9 DEMOGRAPHICS 10 ONE SOUTH COMMERCIAL COMMUNICATION: One South Commercial is the exclusive representative of Seller in its disposition of W Nine Mile Rd. All communications regarding the property should be directed to the One South Commercial listing team. PROPERTY TOURS: Prospective purchasers should contact the listing team regarding property tours. Please provide at least 72 hours advance notice when requesting a tour date out of consideration for current residents. OFFERS: Offers should be submitted via to the listing team in the form of a non-binding letter of intent and should include: 1) Purchase Price; 2) Earnest Money Deposit; 3) Due Diligence and Closing Periods. DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller s exclusive representative. [2]

3 2.36 LOT ACRES 2008 RENOVATED 30 UNITS 100% OCCUPANCY TOWNHOUSE STYLE APARTMENTS OFF-STREET AMPLE PARKING R-5 ZONING [3]

4 PROPERTY SUMMARY 30 Unit Investment Opportunity AT A GLANCE: HIGHLAND POINTE APTS ADDRESS W Nine Mile Rd The Highland Pointe Apartments are a 30 unit investment opportunity in one of Henrico County s well established working class neighborhoods. Located on the thriving and well trafficked West Nine Mile Road, these apartments put residents a convenient eight miles from Downtown Richmond. These condo grade units are configured in a townhouse style consisting of two bedrooms and one bathroom. Amenities include stainless steel appliances, central air, fenced in private outdoor space in the rear and washer/ dryers in most units. The campus has ample parking for both residents and guests. PID ZONING R-5 LOT ACRES 2.36 UNITS 30 RENOVATED 2008 SALE PRICE $3,200,000 Highland Pointe is a highly visible and attractive multifamily investment opportunity in one of Richmond s best suburban neighborhoods. This is a strong venture for anyone looking to expand their portfolio in Henrico County or enter the Richmond market with a splash. [4]

5 PHOTOS Highland Pointe is a highly visible and attractive multifamily investment opportunity in one of Richmond s best suburban neighborhoods. [5]

6 PHOTOS These condo grade units are configured in a townhome style consisting of two bedrooms and one bathroom. [6]

7 PHOTOS The campus has ample parking for both residents and guests. [7]

8 LOCATION & EMPLOYMENT VIRGINIA UNION UNIVERSITY GLENWOOD GOLF CLUB THE SPRINGS REC CENTER GLENWOOD GOLF CLUB VCU CONVENTION CENTER EASTGATE TOWN CENTER FOOD LION HOLLYWOOD CEMETERY BON SECOURS AMERICAN CIVIL WAR MUSEUM WHITE OAK VILLAGE CROAKER S SPOT TOP PRIVATE EMPLOYERS EMPLOYER Capital One Financial Corp. VCU Health Systems HCA Virginia Health System Bon Secours Richmond Dominion Virginia Power SunTrust Banks Inc. Altria Group Inc. Amazon Wells Fargo Anthem Blue Cross and Blue Shield UPS INDUSTRY Financial services, call center Health care Health care Health care Energy Banking Cigarettes and wine Online retail Banking Health Insurance Package distribution [8]

9 DEMOGRAPHICS DEMOGRAPHICS (WITHIN 5 MILES) DISTANCE FROM PROPERTY 2 MILE 5 MILE 10 MILE 123,532 POPULATION Population: 2025 Projection 24, , , Estimate 23, , , Census 22, , ,862 Growth % 0.8% 0.9% $63,875 AVG HOUSEHOLD INCOME Growth % 1.0% 1.2% Households: 2025 Projection 9,646 50, , Estimate 9,472 48, , % POPULATION GROWTH PAST 10 YEARS 2010 Census 8,892 43, ,019 Growth % 0.8% 0.9% Growth % 0.4% 0.5% Owner Occupied 5,410 27,810 88,494 Renter Occupied 4,062 20,701 76,043 EMPLOYEES RADIUS 2 MILE 5 MILE 10 MILE Trade Transportation & Utilities 2,069 8,823 35,508 Information ,664 Financial Activities 400 2,419 15,897 Professional & Business Services 309 3,459 30,918 Education & Health Services 978 6, ,157 Leisure & Hospitality 1,414 5,454 23,138 Other Services 579 3,495 14,280 Public Administration ,292 Natural Resources & Mining Construction 228 2,022 9,950 Manufacturing 900 3,307 10, Avg Household Income $57,579 $63,874 $74, Med Household Income $42,219 $47,871 $53, Households by Inc: <$25,000 2,321 13,087 37,990 $25,000 - $50,000 3,06 12,244 39,915 $50,000 - $75,000 1,869 8,805 27,852 $75,000 - $100,000 1,125 5,440 19,901 $100,000 - $125, ,885 14,478 $125,000 - $150, ,998 7,955 $150,000 - $200, ,649 7,625 $200, ,403 8,822 [9]

10 ONE SOUTH COMMERCIAL ONE SOUTH COMMERCIAL is a CoStar PowerBroker in the Richmond, VA investment sales market. Our reputation among those with local knowledge as the premier investment sales shop in the City of Richmond is built on a wide network of relationships with principals all over the world who trust us and our ability to effectively analyze the economics of any deal and represent them honestly. M E E T YO U R AG E N TS TOM ROSMAN JUSTIN SLEDD ISAAC WEINTZ [10]

11 NIMBLE. RESOURCEFUL. DETERMINED. WE LEVERAGE THE DIVERSITY OF OUR EXPERIENCES AND EARN THE TRUST OF LONG-STANDING CLIENTS. ONE SOUTH COMMERCIAL 2314 WEST MAIN ST RICHMOND VA, ONESOUTHCOMMERCIAL.COM

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