217 W 28th St - Apartments FOR SALE


Buena Vista, VA 24416
$399,900 USD
540-836-5179
217 W 28th St, Buena Vista, VA for Sale
$399,900 USD
Apartments - FOR SALE
1/74
null | Request Cap Rate

217 W 28th St
Buena Vista, VA 24416


OVERVIEW

?? PRICE REDUCED – TURNKEY INVESTMENT PROPERTY NEAR SOUTHERN VIRGINIA UNIVERSITY ?? 217 West 28th Street, Buena Vista, VA ?? Now Offered at $399,900 Investor opportunity just minutes from Southern Virginia University! This fully renovated property is currently producing $2,950/month ($35,400 annually) in gross rental income and is ideally positioned to serve the strong demand for student and local workforce housing. Income & Expenses ?? Gross Rental Income: $2,950/month ($35,400/year) Estimated Annual Expenses: • Real Estate Taxes: $2,758.70 • Insurance: ~$960/year • Internet: ~$840/year • Electric: ~$2,400/year • Water/Trash/Sewer: ~$1,800–$2,400/year Property Features ? 4 Bedrooms ? 6 Bathrooms ? Approximately 2,600 Sq Ft ? Fully Renovated in 2020 ? Modern Finishes Throughout ? Turnkey Investment Opportunity ? Minutes from Southern Virginia University Whether you're looking to expand your rental portfolio, invest in student housing, or acquire a stabilized income-producing property, this one is worth a look. ?? Additional photos, financial information, and property details can be found here: ?? PROPERTY WEBSITE ?? https://view.clingerphoto.com/217_w_28th_st-6091 ?? Message me with any questions or to schedule a private tour. Wes Sparks, REALTOR® eXp Realty ?? (540) 836-5179 #InvestmentProperty #CashFlow #RealEstateInvestor #StudentHousing #SouthernVirginiaUniversity #RentalProperty #BuyAndHold #PassiveIncome #VirginiaRealEstate #BuenaVistaVA #PriceReduced

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$154 USD /SF

# OF UNITS

4

PRICE/UNIT

$99,975

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smore's House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,442 SF

ZONING

R3

APN/PARCEL ID

18- 1- 5-21- 22

ASK ABOUT THIS PROPERTY

Wesley SparksEXP Realty-DiligenceMore Info
540-836-5179

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Wesley SparksEXP Realty-DiligenceMore Info
540-836-5179

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