Multifamily
Crosscreek of Abingdon
804 Crosscreek Dr, Abingdon, VA 24210
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Abingdon, VA. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Blue Ridge Mountains.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE CROSSCREEK OF ABINGDON.
Crosscreek of Abingdon
Investment Highlights
- $178,728 spent on capital improvements in the past 36-months
- Opportunity for new ownership to acquire 37 units of the 51 unit community and have the majority of votes in the HOA
- All buildings are built on a crawlspace, with the exception of 5 units with a drive-under garage
- our and a half of the complexes have had their roofs replaced in 2018
- Units are provided with a refrigerator, dishwasher, oven, and over-the-range microwave
- Individually metered for water and electricity
- All units have washer and dryer connections
- PVC/Copper piping and Romex wiring
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Investment Highlights
- $178,728 spent on capital improvements in the past 36-months
- Opportunity for new ownership to acquire 37 units of the 51 unit community and have the majority of votes in the HOA
- All buildings are built on a crawlspace, with the exception of 5 units with a drive-under garage
- our and a half of the complexes have had their roofs replaced in 2018
- Units are provided with a refrigerator, dishwasher, oven, and over-the-range microwave
- Individually metered for water and electricity
- All units have washer and dryer connections
- PVC/Copper piping and Romex wiring
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Abingdon, VA. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Blue Ridge Mountains. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE CROSSCREEK OF ABINGDON.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
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