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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 |
| 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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