CBRE Multifamily is pleased to present the sale of Smith Street Apartments in South Hill, Virginia. Smith Street offers investors a compelling opportunity to acquire a well-constructed property in a rapidly growing tertiary market in Virginia. Built in the early to mid-1990s, this 39-unit complex (comprising 36 two-bedroom units and 3 one-bedroom units, all with private patios) is ideally positioned for a value-add strategy. Benefiting from the area’s burgeoning population, fueled by the presence of 12 data center sites (including 8 owned by Microsoft), the property currently boasts average rents of $785. This presents an excellent opportunity to increase rental income by $200 per unit through implementation of a value add program.