201 S Main St - Apartments FOR SALE


Gretna, VA 24557
$425,000 USD
434-841-0890
201 S Main St, Gretna, VA for Sale
$425,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

201 S Main St
Gretna, VA 24557


HIGHLIGHTS

  • Great rental income opportunity!

OVERVIEW

Investment opportunity! This two-story property features a retail space on the ground level and seven residential units on the second floor. The residential units consist of six efficiency apartments and one 1-bedroom unit. Each unit is equipped with washer/dryer connections, ranges, refrigerators, and insulated windows. Tenants enjoy the comfort of central air and heat, provided by separate heat pump. The main-level retail space, while currently vacant, offers a lease potential of $1,500.00 to $2,500.00 per month. It has oil heat and central air. Owner covers insurance, electricity for common areas, exterior maintenance, water/sewer, and property taxes. Showings for one apartment unit and the street-level retail space can be scheduled prior to contract signing. The remaining six residential units will be shown post-contract, with buyer approval required at the time of any inspections. Don't miss this unique opportunity to own a mixed-use property with great rental income potential! Please note that the year built was provided by Pittsylvania County. They have tax records for the property that go back to that year.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

1

PRICE/UNIT

$425,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

TZ

APN/PARCEL ID

2530-16-3949

ASK ABOUT THIS PROPERTY

Robert DawsonBerkshire Hathaway HS Dawson Ford GarbeeMore Info
434-841-0890

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Robert DawsonBerkshire Hathaway HS Dawson Ford GarbeeMore Info
434-841-0890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.