130-140 W Calhoun St - Apartments FOR SALE


Salem, VA 24153
$1,999,750 USD
130-140 W Calhoun St, Salem, VA for Sale
$1,999,750 USD
Apartments - FOR SALE
1/48
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130-140 W Calhoun St
Salem, VA 24153


HIGHLIGHTS

  • fully leases
  • turn-key

OVERVIEW

Excellent Turnkey Investment Opportunity - 5 Townhomes Fully Leased! Newer construction (2023) 4-bedroom, 4-bath townhome built by Alam Design Group. All 5 units are currently leased, offering investors the opportunity to acquire an established income-producing property with tenants already in place. Each townhome offers approximately 2,078 +/- finished square feet with four bedrooms, each featuring its own private ensuite bath. The main level includes a spacious living room, kitchen with stainless steel LG appliance package and island, flex room, laundry room, and one ensuite bedroom. The upper level features three additional ensuite bedrooms. Quality construction includes Pella windows, a 3-ton heat pump, Hardie board and brick exterior, and bathrooms with marble-look glossy ceramic tile surrounds. Each townhome includes a private garage, driveway parking, and additional community parking. HOA services include maintenance of the grounds, sidewalks, and parking areas. With all units leased, newer construction, four private bedroom suites per townhome, and low-maintenance ownership, this is an outstanding opportunity to add a turnkey rental property to an investment portfolio.

FOR SALE DETAILS

PRICE

$1,999,750 USD

PRICE/SF

$191 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,950

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,470 SF

ZONING

RMF

APN/PARCEL ID

122-9-1,122-9-1.1,122-9-1.2,122-9-1.3,122-9-1.5,122-9-1.6

ASK ABOUT THIS PROPERTY

Tim ThompsonMKB, REALTORSMore Info

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Tim ThompsonMKB, REALTORSMore Info

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