- For sale
Colliers International Mid-Atlantic Multifamily Advisory is pleased to present The Hudson, a 54-unit, Class A apartment community well-positioned within the thriving Charlottesville, Virginia market. Strategically located only minutes from the University of Virginia, Sentara Martha Jefferson Hospital, downtown central business district, and an abundance of retail along Route 250, The Hudson presents investors with a rare best-in-class investment opportunity in Charlottesville. In addition, the property benefits from excellent access to the area’s main thoroughfares including Interstate 64 and Route 29 which provide easy commute times to the surrounding area and nearby metropolitan cities likes Richmond and Washington, D.C.
The property was recently completed in the spring of 2022 and has experienced robust lease-up velocity. Renters are attracted to the spacious floorplans and diverse unit mix which appeal to a broad base of young professionals, graduate students, nurses, and doctors. Property amenities include a pet-care spa, bike storage, package locker station, and nearly 1,700SF of commercial space.
Rents in the Charlottesville market have increased significantly in recent years, rising 8.0% in 2021 and projecting to increase 12.0% in 2022. Investors will capitalize on the overall market trends in addition to the wide delta between in-place rents at The Hudson and those of competing Class A communities. Overall, The Hudson offers investors an undeniable investment opportunity in one of the Mid-Atlantic’s most desirable markets.