Clearfield Apartments

Clearfield Apartments was acquired on August 29, 2024, as part of a two-property portfolio including Pinetree Apartments in Petersburg, VA. The property was purchased as part of an expanding LIHTC (Low Income Housing Tax Credit) portfolio.  The business plan is to maintain a strong occupancy, with light capital expenditure projects that will enhance and preserve the asset.       

Built in 1993, the 144-unit apartment community is located in Colonial Heights, a desirable suburb of Richmond, VA.  The property is a mix of two- and three-bedroom apartments that include a patio or balcony and washer and dryer connections.  The community amenities include barbeque areas, playground, pool, laundry facility, clubhouse, and fitness center.  The clubhouse and fitness center were recently renovated.

The property is located near the intersection of Interstate 95 and Interstate 85 and within three miles of public schools and just a 10-minute drive to White Bank Park, a 22-acre space that offers amenities such as a disc golf course, barbeque grills, pavilions and a playground.  The Southpark Mall is 2 miles from the property and has over 80 retailers and several restaurants.  The Amtrak Train station is only 10 minutes away and Virginia State University Multipurpose Arena is 4 miles away.  There are several major employers in the area: Capital One Financial, Bon Secours – Southside Medical Center, VCA Virginia Health System, and Amazon.

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Amenities:

• Swimming Pool
• Clubhouse with Community Room
• 24-Hour Fitness Center
• Playground
• Pet-friendly Community with Bark Park
• Clothes Care Center
• 24-Hour Emergency Maintenance
• Housing Vouchers & Credit Card Payments Accepted
• Friendly, Professional Staff