- For Sale Contact for pricing
- Property Type Other
- Property Size 46 SF
- Lot Size 4,046.86 SQM
- Year Built 1860
- Date Updated Nov 6, 2026
Description
Colliers is pleased to present the Offering Memorandum for the Diamond Hill Lofts in Lynchburg, VA. Diamond Hill presents investors with a rare opportunity to acquire a stabilized multifamily asset featuring highly attractive assumable, interest-only debt, providing immediate positive leverage and superior cash flow relative to today’s financing environment.
The Property consists of 46 units and is offered at a $5,350,000 purchase price (approximately $116,000 per unit). The existing loan structure allows a buyer to assume approximately $4.0 million in outstanding loan balance with a long remaining interest-only period, significantly reducing annual debt service and enhancing earlyhold cash returns.
With full occupancy in place and modeled 3% annual rent growth, the asset offers a compelling blend of stable in-place income, defensive downside protection, and long-term NOI growth potential. The assumable debt structure positions investors to capitalize on a below-market cost of capital while preserving optionality for future refinancing once interest rates normalize.
Located just outside the historic downtown district in Lynchburg, Virginia, the property benefits from consistent workforce housing demand, favorable supply-demand fundamentals, and steady renter absorption driven by regional employment anchors and limited new construction pressure in the immediate submarket.
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