Villas at Cedarhurst sells for $35 million
Nov 11, 2024 | by John M.
Mike Platania at Richmond BizSense has the details on the sale of the Villas at Cedarhurst apartment complex:
The Villas at Cedarhurst apartment complex sold last month for $35.5 million, city records show. […] The city most recently assessed the complex at $39.4 million, and the per-door sale price was $154,000. Mullan said the complex is 95 percent occupied.
The 230-unit complex was built in 1975 and last sold in 1980 for $4,000,000. The currently have 1 bedroom studio apartment available for $1,050, 1 bedroom standard apartments for $1,250, and 2 bedroom units for $1,525.
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