Multifamily
Village Square Apartments
171 Hutton St, Abingdon, VA 24210
Listing Price: $750,000
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
Financing By
Listing Price: $750,000
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
Financing By

