803 King James St SW - Multi-Family FOR SALE


Roanoke, VA 24014- Colonial Avenue Area
$11,200,000 USD
540-354-6456
803 King James St SW, Roanoke, VA for Sale
$11,200,000 USD
Multi-Family - FOR SALE
1/12
null | 6.47% Cap Rate

803 King James St SW
Roanoke, VA 24014
Colonial Avenue Area


HIGHLIGHTS

  • Located in South Roanoke
  • 82-unit multifamily community
  • Diverse mix of apartments, townhomes, and single-family homes
  • Value-add potential through rent growth and lease-up
  • Less than one mile to US-220 / I-581

OVERVIEW

Williamsburg Manor is an 82-unit apartment and townhouse community located in highly sought-after South Roanoke. The property spans approximately 11.34 acres and is comprised of twenty-five buildings arranged in a neighborhood-style setting with rolling lawns and pedestrian walkways. The community features a diverse unit mix including apartments, townhomes, cottages, and single-family homes. Portions of the development were completed in the late 1970s with additional phases delivered in the 1990s, including brick and vinyl-sided townhomes with garages. Williamsburg Manor is located less than one mile from US-220/I-581 with convenient access to Tanglewood Mall, the Virginia Tech Carilion Biomedical Research Center, and Downtown Roanoke, positioning the asset within one of the region’s most established residential corridors.

FOR SALE DETAILS

PRICE

$11,200,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

82

PRICE/UNIT

$136,585

CAP RATE

6.47%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Williamsburg Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.34 AC

LAND SF

493,970 SF

ZONING

RMF

APN/PARCEL ID

1290101,1290132,1290133,1290134,1290135,5500113,5500114

ASK ABOUT THIS PROPERTY

Jason FountainInvestors Real Estate PartnersMore Info
540-354-6456

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Jason FountainInvestors Real Estate PartnersMore Info
540-354-6456

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