Offering Highlights
104 Multifamily Units: One, Two & Three Bedrooms
Easy access to Route 29, Route 221, and Route 501
Less than 5 minutes from Liberty University, University of Lynchburg, and Historic Downtown Lynchburg
80,250 square feet of Space to be Developed into Apartment Units
A Historic Tax Credit Renovation/Development

The Kemper Street Portfolio currently boasts 104 multifamily units and 20 retail units. There is a mix of studio, one-bedroom, two-bedroom and three-bedroom apartments. Kemper Street Portfolio has approximately 80,250 square feet of commercial space situated on 4.68 acres in the Diamond Hill Historic District. This assemblage qualifies for federal and state historic tax credits for development and a city tax abatement program. A buyer has a significant opportunity to develop additional units out of at least 80,250 square feet of commercial space. Many of the existing units are extremely large, up to 2,500 square feet, and provide the opportunity to divide into multiple units. Both adjacent properties have utilized historic tax credits to develop and operate a successful multifamily asset.

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