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Multifamily

Village Square Apartments

171 Hutton St, Abingdon, VA 24210

Listing Price: $750,000

Cap Rate
5.98%
Number of Units
10
GRM
6.25
Price/Unit
$75,000
Price/Gross SF
$83.33
Gross SF
9,000

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 VILLAGE SQUARE APARTMENTS.

Investment Highlights

  • Rents are currently $293 below market rate
  • New ownership has the ability to bill-back utilities to tenants
  • Each unit has an enclosed back porch and balconies off each bedroom
  • All units have washer & dryer hookups

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Multifamily

Village Square Apartments

Listing Price: $750,000

Cap Rate
5.98%
Number of Units
10
GRM
6.25
Price/Unit
$75,000
Price/Gross SF
$83.33
Gross SF
9,000

Investment Highlights

  • Rents are currently $293 below market rate
  • New ownership has the ability to bill-back utilities to tenants
  • Each unit has an enclosed back porch and balconies off each bedroom
  • All units have washer & dryer hookups

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 VILLAGE SQUARE APARTMENTS.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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