6154 Darby Rd - Apartments FOR SALE


Roanoke, VA 24012- Hollins
$4,500,000 USD
540-520-3085
6154 Darby Rd, Roanoke, VA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

6154 Darby Rd
Roanoke, VA 24012
Hollins


HIGHLIGHTS

  • 36 apartment homes across two buildings
  • Located within close proximity to the region’s major employers, cultural amenities, and entertainment destinations

OVERVIEW

Presented exclusively for sale by Poe & Cronk Real Estate Group, 6139 and 6154 Darby Road offer an opportunity to acquire a well-positioned, value-add multifamily asset in a rental market that continues to show steady growth. The portfolio consists of 36 apartment homes across two buildings. 6139 Darby Road includes twelve 1-bedroom, 1-bath units. 6154 Darby Road includes twenty-three 2-bedroom, 1-bath units and one additional 1-bedroom, 1-bath unit, providing a unit mix that appeals to a broad tenant base. The properties are well maintained and currently produce dependable in-place cash flow, while still offering near-term upside. Current rents are approximately 12% below market, giving a new owner the ability to increase revenue through rent growth as units turn and leases renew. Located within close proximity to the region’s major employers, cultural amenities, and entertainment destinations, 6139 and 6154 Darby Road will benefit from continued rental demand. With stable operations, below-market rents, and a strong location, this offering represents a straightforward multifamily investment with both income in place and room to grow.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

36

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Darby Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

R3

APN/PARCEL ID

038.06-01-14.00-0000

ASK ABOUT THIS PROPERTY

Stephen Pendergrass, CCIM, SIORPoe & Cronk Real Estate GroupMore Info
540-520-3085

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Stephen Pendergrass, CCIM, SIORPoe & Cronk Real Estate GroupMore Info
540-520-3085

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