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1949 Mount Hermon Road
Midlothian, VA 23112
Asking Price
$6.00M
Asset Type
Land
Class
Class B
What's Special
<ul><li>Located in a highly desirable area, this prime development site presents a rare opportunity to build a thriving residential community. </li><li>Zoned A-1, the expansive acreage is ideal for creating a sought-after neighborhood. Water is readily accessible, with a sewer easement required for development.</li><li>Ideal for residential development</li><li>Total Acreage: 279.121</li><li> 1949 Mt. Hermon Rd: 116.919 Acres</li><li>2101 Mt. Hermon Rd: 162.202 Acres</li></ul><p></p>
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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715
