5 BRICKYARD DR Dillwyn VA 23936

Colliers International is pleased to present Heritage Acres Apartments, a well located 40-unit garden apartment community, for sale in Buckingham County, Virginia. The asset is situated off of Oak Street, the main thoroughfare in Dillwyn, and located less than 2 miles from Highway 60 providing residents immediate access to Buckingham County and efficiency of access to the Richmond MSA. The property is well maintained with no deferred maintenance, presenting future investors the opportunity to acquire a stabilized community at an excellent yield with significant opportunity to generate additional income and optimize operations. Ownership has proven out rental rate increases through renovation of 25% of the property yielding $100 rent increases.The property consists of 28 two-bedroom units and 12 three-bedroom units boasting spacious floorplans and durable finishes. The rent includes water, sewer, and trash presenting future investors the opportunity to implement utility billbacks. Additionally, the asset will convey with additional land allowing investors to add additional amenities and construct additional units.