14694 Wallace Pike - Apartments FOR SALE


Abingdon, VA 24210
$1,200,000 USD
702-686-8396
14694 Wallace Pike, Abingdon, VA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/30
null | 8.47% Cap Rate

14694 Wallace Pike
Abingdon, VA 24210


HIGHLIGHTS

  • Close to Shopping, Golf Course, Hardrock Casino, on 2.76 Acres of open space
  • County Living, Open Space with Creek and fishpond
  • All units recently refurbished new fixtures, flooring, paint, and appliances

OVERVIEW

This is a rare multi-family property! Available for 1031 exchange 4 units - one bedroom 1 bath Avg 548 SF 5 Units - 2 Bedroom 1 & 1/2 Bath Avg 1,040 SF 1 Unit - 2Bedroom 2 Bath Avg 1040 SF 1 Residence Free Standing - 3 Bedroom 2 Bath, Separate Hot Tub Spa Room 1,848 SF Total 3 Buildings 11 units All units were renovated New Flooring and Fixtures and appliances in all units in 2023. On 2.76 Acres with a fishpond and creek on the property. Room to expand. COUNTRYSIDE APARTMENTS ARE NEAR THE CLEAR CREEK GOLF COURSE IN A QUIET COUNTRY SETTING LOCATED ON 2.76 ACRES. WE ARE MINUTES FROM EXIT 7 OFF I 81. NEAR LINDEN SQUARE SHOPPING CENTER, OLD DOMINION MARKETPLACE, SAM'S CLUB, WALMART, RURAL KING, AND THE HARD ROCK CASINO. WE ARE MINUTES TO BRISTOL IN A COUTRY SETTING WITH A CREEK AND FISH POND ON THE PROPERTY. ALL UNITS HAVE WASHER AND DRYER HOOKUP EXCEPT UNIT 5 & 6.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

11

PRICE/UNIT

$109,091

CAP RATE

8.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Countryside Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

15

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

Multi Family

APN/PARCEL ID

122 5 32B

ASK ABOUT THIS PROPERTY

Joanne LiuJoanne LiuMore Info
702-686-8396

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Joanne LiuJoanne LiuMore Info
702-686-8396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.