Fully Occupied 4-Unit Multifamily Investment Across from Southern Virginia University 217 W 28th Street | Buena Vista, Virginia | $399,900 Opportunity to acquire a fully occupied, income-producing four-unit multifamily property strategically located directly across from Southern Virginia University in Buena Vista, Virginia. The approximately 2,604-square-foot property underwent extensive renovations in 2020 and features four furnished rental units with established tenants currently in place. The property presently generates $2,950 per month / $35,400 annually in gross scheduled rental income. Investment Highlights 100% occupied – all four units currently rented $2,950 current monthly gross rental income $35,400 current annual gross scheduled rental income Four-unit multifamily configuration Offered at $399,900 Approximately 2,604 finished square feet Approximately 8.85% gross annual rent-to-price ratio Extensive renovation completed in 2020 Directly across from Southern Virginia University Furnished rental units Established tenants and existing rental income On-site laundry Tenants handle lawn care and snow removal Owner currently self-manages the property Multiple off-street parking areas Paved front driveway accommodating approximately four vehicles Additional gravel parking area at rear of property with space for multiple vehicles RV hookup located at rear of property Convenient access to downtown Buena Vista and surrounding amenities Current Rent Roll The four occupied units currently generate individual monthly rents of: $650 | $700 | $750 | $850 Total Monthly Gross Rent: $2,950 Annual Gross Scheduled Rent: $35,400 Current security deposits total $1,875. Current Operating Information Known owner-paid operating expenses currently include internet, electricity, water/sewer/trash, property insurance and real estate taxes. Tenants are responsible for lawn care and snow removal, and the property is currently self-managed by the owner, eliminating an existing third-party property management expense. Additional financial information, rent roll, lease information and available property documentation can be provided to qualified prospective purchasers upon request. With all four units currently leased, a purchaser has the opportunity to acquire an established multifamily asset with rental income already in place. The property's location directly across from Southern Virginia University, extensive 2020 renovation, multiple parking areas and existing rental income combine to create a distinctive investment opportunity in the Buena Vista market. Offered at $399,900. Contact the listing agent for additional investment information or to schedule a private property tour. #InvestmentProperty #CashFlow #RealEstateInvestor #StudentHousing #SouthernVirginiaUniversity #RentalProperty #BuyAndHold #PassiveIncome #VirginiaRealEstate #BuenaVistaVA #PriceReduced