612 E Church St - Apartments FOR SALE


Martinsville, VA 24112
$400,000 USD
276-806-9018
612 E Church St, Martinsville, VA for Sale
$400,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

612 E Church St
Martinsville, VA 24112


HIGHLIGHTS

  • Walking distance to restaurants, shops, the library, YMCA, Virginia Museum of Natural History.
  • Five of the six units have been renovated.
  • Current owner is accepting rental applications, so additional units might be occupied in the near future.

OVERVIEW

This renovated 6 unit multifamily investment property in Uptown Martinsville, walking distance to restaurants, shops, the library, YMCA, Virginia Museum of Natural History, and more! Market value for rent in this area is $950-$1,050. Five of the six units have been renovated. Unit 1 is being rented for $950 Unit 2 has not been renovated, as it is occupied by a tenant who has been there for 13 years and pays $550, but the unit is in good condition and is well taken care of by the tenant. Unit 3 is being rented on a month to month for $750 so tenant can stay or go. Owner is accepting rental applications, so additional units might be occupied in the near future. Don't miss this amazing investment opportunity.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

6

PRICE/UNIT

$66,667

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

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R-N

APN/PARCEL ID

000204900

ASK ABOUT THIS PROPERTY

Tonya BredamusKW MartinsvilleMore Info
276-806-9018

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Tonya BredamusKW MartinsvilleMore Info
276-806-9018

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