266 FORD AVE, STANARDSVILLE, VA 22973 (MLS # 630102)

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PRICE $2,495,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 22,354 sqft
LOT SIZE 8.50 ac

Great multifamily investment with a 6% cap rate and SOLID cash flow. The 24 units apartments consist of 6 three bedroom apartments, 14 two bedroom apartments, and 4 one bedroom apartments. The buildings were constructed in 1988 and have been tremendously renovated for the last 7 years. The improvements include the new roof, HVACs, plumbing, windows, flooring, kitchens, lighting, vanities, appliances including washer/dryer, and asphalt parking lot, etc. Two buildings are constructed with brick and vinyl exterior walls, a composition shingle and metal roof, and concrete slab on 2.6 acres. Adjacent 5.9 acres (R-2) is also included in sale. Stanardsville is a town in Greene County, VA and a part of the Charlottesville MSA. Currently near 100% occupancy.

DAYS ON MARKET 11 LAST UPDATED 5/16/2022
TRACT NONE YEAR BUILT 1988
COMMUNITY Greene STATUS Pending
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Nathanael Greene
Jr. High School William Monroe
High School William Monroe


ADDITIONAL DETAILS
AIR Central AC, Heat Pump
AIR CONDITIONING Yes
AREA Greene
HEAT Electric, Heat Pump
LOT 8.5 acre(s)
SEWER Public Sewer
SUBDIVISION NONE
TAXES 12510
WATER Public Water
ZONING R-3 Residential
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Cottonwood Commercial LLC
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