Multifamily
Fairlawn apartments
7576 State Rd 695, Fairlawn, VA 24141
Listing Price: $875,000
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for Fairlawn Apartments located at 7576 Old Peppers Ferry Loop in Fairlawn, VA 24141.
The property consists of seventeen units total. There are fifteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units built in 1940 and situated on +/- 0.55 ac.
Fairlawn and Radford, VA offer strong multifamily investment potential with steady rental demand driven by Radford University, affordable entry pricing, and cap rates near 8%. Investors benefit from value-add opportunities, stable regional employers, and geographic accessibility, though smaller market growth and liquidity should be considered.
Fairlawn apartments
Investment Highlights
- 17 Units: A mix of One- & Two-Bedroom Units
- TRANSIT ORIENTED Easy access to I-81 and US Route 11, Providing Direct Access to Blacksburg and Radford
- EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes of Radford University, Carilion Medical Center, Goodwill Industries and Many Other Major Employers
Exclusively Listed By
Listing Price: $875,000
Investment Highlights
- 17 Units: A mix of One- & Two-Bedroom Units
- TRANSIT ORIENTED Easy access to I-81 and US Route 11, Providing Direct Access to Blacksburg and Radford
- EASY ACCESS TO NUMEROUS EMPLOYMENT CENTERS Within 10 minutes of Radford University, Carilion Medical Center, Goodwill Industries and Many Other Major Employers
Investment Overview
Marcus & Millichap is pleased to present the offering memorandum for Fairlawn Apartments located at 7576 Old Peppers Ferry Loop in Fairlawn, VA 24141. The property consists of seventeen units total. There are fifteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units built in 1940 and situated on +/- 0.55 ac. Fairlawn and Radford, VA offer strong multifamily investment potential with steady rental demand driven by Radford University, affordable entry pricing, and cap rates near 8%. Investors benefit from value-add opportunities, stable regional employers, and geographic accessibility, though smaller market growth and liquidity should be considered.
Exclusively Listed By
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