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Multifamily

Danville Portfolio

324 Cleveland St, Danville, VA 24541

Listing Price: $2,914,000

Cap Rate
6.08%
Number of Units
44
GRM
7.18
Price/Unit
$66,227
Price/Gross SF
$105.61
Gross SF
27,592

Investment Overview

Marcus and Millichap is pleased to present the offering memorandum for the Danville Portfolio in Danville, Virginia. Three properties with a combined 44 Units. The portfolio also has easy access to numerous employment centers, located less than ten minutes from Danville Community College, Averett University, Sovah Health, Ikea, and Nestle.

Located in southern Virginia, Danville is a city with an economy transitioning towards more diversified industries, including advanced manufacturing, healthcare, and technology. The city is also home to major employers such as Goodyear Tire & Rubber, Danville Regional Medical Center, and Averett University, contributing to its economic growth and stability. Additionally, the Institute for Advanced Learning and Research fosters innovation and workforce development, making Danville an attractive destination for businesses. Lastly, the Danville River District is a key focal point for urban revitalization, offering new residential, commercial, and recreational spaces along the Dan River.

Investment Highlights

  • 3 Properties Totaling 44 Units: Mix of One- & Two-Bedroom Units
  • Prime Location Within Six Minutes of Downtown Danville and Two Minutes of the Dan River
  • Strategically Located Less Than Ten Minutes from Danville Community College, Averett University, Sovah Health, Ikea & Nestle
  • Situated Under Five Miles from Highway 58 and Highway 29

Exclusively Listed By

Financing By

Multifamily

Danville Portfolio

Listing Price: $2,914,000

Cap Rate
6.08%
Number of Units
44
GRM
7.18
Price/Unit
$66,227
Price/Gross SF
$105.61
Gross SF
27,592

Investment Highlights

  • 3 Properties Totaling 44 Units: Mix of One- & Two-Bedroom Units
  • Prime Location Within Six Minutes of Downtown Danville and Two Minutes of the Dan River
  • Strategically Located Less Than Ten Minutes from Danville Community College, Averett University, Sovah Health, Ikea & Nestle
  • Situated Under Five Miles from Highway 58 and Highway 29

Investment Overview

Marcus and Millichap is pleased to present the offering memorandum for the Danville Portfolio in Danville, Virginia. Three properties with a combined 44 Units. The portfolio also has easy access to numerous employment centers, located less than ten minutes from Danville Community College, Averett University, Sovah Health, Ikea, and Nestle. Located in southern Virginia, Danville is a city with an economy transitioning towards more diversified industries, including advanced manufacturing, healthcare, and technology. The city is also home to major employers such as Goodyear Tire & Rubber, Danville Regional Medical Center, and Averett University, contributing to its economic growth and stability. Additionally, the Institute for Advanced Learning and Research fosters innovation and workforce development, making Danville an attractive destination for businesses. Lastly, the Danville River District is a key focal point for urban revitalization, offering new residential, commercial, and recreational spaces along the Dan River.

Exclusively Listed By

Financing By

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