319 Main St - Multi-Family FOR SALE


West Point, VA 23181
$1,675,000 USD
804-922-7839
319 Main St, West Point, VA for Sale
$1,675,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

319 Main St
West Point, VA 23181


HIGHLIGHTS

  • 10 Unit Apartments - 2 Bed / 1 Bath Approx 800 Sqft

OVERVIEW

10-Unit Multi-Family Investment in Charming Downtown West Point Rare opportunity to acquire a well-maintained 10-unit apartment building in the heart of downtown West Point. Ideally located in a charming and walkable community near shops, dining, and the riverfront, this property benefits from exceptional rental demand due to the limited supply of apartment housing in the area. Most units have been recently renovated with stainless steel appliances and granite countertops. Each offering 2 bedrooms and 1 full bath with spacious layouts that appeal to long-term tenants. All units are individually metered for electricity, with one master water meter for easy management. Major capital improvements include a new roof, reducing future maintenance expenses. This property presents a true value-add opportunity, as current rents are under market and can be increased with minimal updates to capture the area’s strong rental demand. With stable occupancy and significant upside potential, this building is an excellent addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

10

PRICE/UNIT

$167,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

69-A1-14-154

ASK ABOUT THIS PROPERTY

Kristin FarageXp RealtyMore Info
804-922-7839

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Kristin FarageXp RealtyMore Info
804-922-7839

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