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13065 E Patrick Henry Rd
Ashland, VA 23005

$1,230,000 USD

Apartments For Sale  •  7,243 SF

Property Details

• Property Type Apartments
• Total Building Size 7,243 SF
• Lot Size 9.25 AC
• Building Class C
• Year Built 1900
• Cap Rate 6.16 %
• Zoning A1

0 Transit Score

1 Walk Score

Highlights

Nine-unit multifamily portfolio on 9.25 acres in Hanover County.

Includes seven single-family homes and one duplex across three parcels.

Located near Hanover Country Club with easy access to I-95 and Randolph-Macon College.

2024 projected Net Operating Income of $75,797 with professional management in place.

County-approved condo conversion option with draft legal documents prepared.

Strong local demographics with high average household incomes and population growth.

Property Flyers

13065 West Patrick Henry Road v2

Cap Rate:

6.16 %

Amenities

• 24 Hour Access
• Air Conditioning
• Dishwasher
• Disposal
• Tenant Controlled HVAC
• Smoke Free
• Trash Pickup - Curbside
• Ceiling Fans
• Dining Room
• Freezer
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	4.3 mi
Airport	Drive	Walk	Distance
Richmond International	42 min	-	29.6 mi