Restrictions expire at year-end 2025, creating a clear path to capture $350+ premiums on 2BRs and $500+ on 3BRs, supported by large unit sizes (1,152 SF/unit) and affluent surrounding demographics (3-mile HHI $139,000).

Over 30 leases signed in the past 90 days at 4–5% growth. Current in-place rents of $1,471 remain approximately $159 per unit (-9.8%) below the projected 2025 max net rent. Clear path for near-term rental growth with LIHTC rental limits projected to increase by 9.9% in 2026—resulting in $328 (18.2%) of embedded rent growth over current in-place rents of $1,471. This widening discount highlights significant rent growth potential within the existing regulatory framework.

Ownership has already invested in upgrades across 119 units with tankless water heaters, 99 units with LVT plank flooring, 37 units with new cabinetry, and 25 units with new windows and patio sliders—leaving substantial renovation runway intact for the next buyer.

Located in a high-income corridor of Albemarle County, with average household incomes of $139,000 within 3 miles. Recent home sales averaged $607,000, creating a pronounced affordability gap: estimated monthly refi payments of $3,728 vs. Rio Hill’s average rents of $1,471—a $2,200+ monthly savings for residents.

Prime positioning along Route 29 with direct access to UVA (21,000+ employees), healthcare anchors (10,000+ employees), federal defense employers, and Charlottesville’s retail and lifestyle hubs ensures deep renter demand and long-term absorption capacity.

Offered free and clear, allowing buyers to optimize leverage and returns.