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Multifamily

Marvin Garden Apartments

600 Maryland Ave, Emporia, VA 23847

Listing Price: $1,050,000

Cap Rate
7.20%
Number of Units
40
Price/Unit
$26,250
Price/Gross SF
$32.38
Gross SF
32,425

Investment Overview

The property consists of forty (40), one-story units constructed in 2003, situated on 4.9 acres and is a LIHTC senior housing property. The property’s prime location provides tenants direct access to numerous major interstates and highways, as well as close proximity to retail, entertainment, and shopping. The property is also centrally located between Norfolk, VA and Richmond, VA.

Investment Highlights

  • 40 Units: 32 One-Bed One-Bath and 8 Two-Bed One-Bath
  • Cap Rate: 7.20%
  • LIHTC Senior Housing Property
  • Easy Access to I-64, Route 58 and Route 301
  • Greensville Regional Airport

Exclusively Listed By

Multifamily

Marvin Garden Apartments

Listing Price: $1,050,000

Cap Rate
7.20%
Number of Units
40
Price/Unit
$26,250
Price/Gross SF
$32.38
Gross SF
32,425

Investment Highlights

  • 40 Units: 32 One-Bed One-Bath and 8 Two-Bed One-Bath
  • Cap Rate: 7.20%
  • LIHTC Senior Housing Property
  • Easy Access to I-64, Route 58 and Route 301
  • Greensville Regional Airport

Investment Overview

The property consists of forty (40), one-story units constructed in 2003, situated on 4.9 acres and is a LIHTC senior housing property. The property’s prime location provides tenants direct access to numerous major interstates and highways, as well as close proximity to retail, entertainment, and shopping. The property is also centrally located between Norfolk, VA and Richmond, VA.

Exclusively Listed By

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