221 Brickyard DR Dillwyn, VA 23936
50,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 50,000 sqft
Price per Sqft $90
MLS Listing ID 2430747
Style Two Story,Low Rise
Construction Status Actual
HOA Y/N No
Year Built 1986
Annual Tax Amount $10,822
Tax Year 2024
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Multi Family
Property Description
Extensive renovations and upgrades completed in recent years make this a turnkey asset with operational stability and attractive value-add opportunity. The property includes 28 two-bedroom / one-bath units and 12 three-bedroom / 1.5-bath units. The three-bedroom units feature in-unit washer/dryer hookups, while the two-bedroom units are served by a central laundry facility.
Occupancy has remained consistently strong, supported by a tenant waiting list. Preliminary review indicates the potential to add up to eight additional units (buyer to verify approvals and requirements with the county as part of due diligence).
This is a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with meaningful income growth and expansion potential.
Property Highlights
• Stabilized property with proven operating performance
• 22% NOI increase/30% rent growth in most recent year (2024–2025)
• Turnkey with numerous recent renovations
• Unit mix: 28 (2BR / 1BA) + 12 (3BR / 1.5BA)
• Washer/dryer hookups in 3BR units
• Central laundry for 2BR units
• Consistently high occupancy with waiting list
• Potential for up to 8 additional units (verify with county)
Showing Instructions:
Please DO NOT visit the property or engage with tenants or on-site personnel without prior coordination with the listing agent. All visits must be scheduled through and accompanied by the listing agent.
Location
State VA
County Buckingham
Area 68 - Buckingham
Direction US Highway 15 west; left on Brickyard Drive, right to end of street
Interior
Appliance Electric Water Heater
Exterior
Community Features Playground
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story, Low Rise
Level or Stories Two
Structure Type Brick Veneer,Block
Construction Status Actual
Schools
Elementary Schools Buckingham
Middle Schools Buckingham
High Schools Buckingham
Others
Tax ID 125-3-2-0B
Ownership Individuals
