Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Countryside Apartments in Abingdon, VA. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Abingdon, VA. Countryside Apartments is an 11-unit multifamily property located on 2.76 acres in scenic Abingdon, VA, offering a mix of 1-, 2-, and 3-bedroom units. The property has undergone over $100,000 in capital improvements within the last three years, with all units recently updated with new flooring, fixtures, appliances, paint, and A/C units. Tenants enjoy a peaceful country setting complete with a creek and fishpond, while still benefiting from close proximity to shopping, Glenrochie Golf Course, and the new Hard Rock Casino Bristol. With strong in-place infrastructure and a stable tenant base, Countryside Apartments presents a compelling value-add investment opportunity in a growing regional market. 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 Countryside Apartments.