Southpoint Reserve at Stoney Creek | 5300 Steeplechase Dr
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Southpoint Reserve at Stoney Creek 5300 Steeplechase Dr
156 Unit Apartment Building For Sale Fredericksburg, VA 22407
Investment Highlights
- Value-add investment opportunity to acquire a 156-unit apartment community
- Convenient access to an array of retail, dining and outdoor amenities
- Situated just minutes off I-95
Executive Summary
Southpoint Reserve at Stoney Creek represents the ideal value-add investment opportunity to acquire a 156-unit
apartment community located in top-ranked Fredericksburg, VA. Situated just minutes off I-95, the community boasts a lush 14-acre
wooded setting with a mix of one, two and three-bedroom layouts.
apartment community located in top-ranked Fredericksburg, VA. Situated just minutes off I-95, the community boasts a lush 14-acre
wooded setting with a mix of one, two and three-bedroom layouts.
Property Facts
| Sale Type | Investment | Building Size | 116,000 SF |
| No. Units | 156 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Garden | Parking Ratio | 1.03/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 14.06 AC |
| Sale Type | Investment |
| No. Units | 156 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 14.06 AC |
| Building Size | 116,000 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.03/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Bay Window
- Ceiling Fans
- Kitchen
- Range
- Walk-In Closets
- Dining Room
- Window Coverings
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tennis Court
- Car Wash Area
- Package Service
- Recycling
- Volleyball Court
- Storage Space
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 68 | - | 450 - 619 |
| 2+1 | 32 | - | 798 |
| 2+2 | 48 | - | 893 |
| 3+2 | 8 | - | 1,075 |
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PROPERTY TAXES
| Parcel Number | 35-A-151F | Improvements Assessment | $31,398,803 CAD |
| Land Assessment | $5,528,133 CAD | Total Assessment | $36,926,936 CAD |
PROPERTY TAXES
Parcel Number
35-A-151F
Land Assessment
$5,528,133 CAD
Improvements Assessment
$31,398,803 CAD
Total Assessment
$36,926,936 CAD
zoning
| Zoning Code | R2 (Residential zoning district that allows for moderate density suburban development, with a limited number of commercial and institutional uses) |
| R2 (Residential zoning district that allows for moderate density suburban development, with a limited number of commercial and institutional uses) |
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Southpoint Reserve at Stoney Creek | 5300 Steeplechase Dr
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