Sunrise Apartments | 425 E Broadway/408 E Cawson St 435 E Broadway, 607 E Broadway Hopewell, VA 23680

$2600000

Multi-Family
Property Type

39 
Units

1.21 AC
Parcel

24,514 SF
GBA

Active Listing

About This Property

One South Commercial is pleased to be the exclusive listing agent for the Sunrise Apartments in downtown Hopewell, VA, Comprising of 39 fully-leased townhouses and garden-style apartments with a projected net operating income of $185,720 based on the current rental income and market expenses. 

The apartment underwent a recent refurbishment in 2017. Since then, the property has continued to increase rental rates and maintain high occupancy. 

These properties are also located along E Broadway in City Point within a few blocks of the James River, the state of the art Appomattox Regional Library, shops, and restaurants. Nearby amenities include the Petersburg National Battlefield-City Point, the Old City Point Waterfront Park, and the City Point History Museum. I-95 and I-295 are also easily accessible and provide connectivity to other destinations in Central Virginia and beyond. 

Hopewell is also the home of several large employers including the Honeywell Corporation, Evonik Industries, Green Plains Inc., and the WestRock Paper Mill. 

Additional Information

59
Walkability

35
Transit

Units 39
Zoning Desc. B-1
Renovation Date 2017
Co-broker Fee Yes

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