171 Hutton St - Apartments FOR SALE


Abingdon, VA 24210
$750,000 USD
615-997-2853
171 Hutton St, Abingdon, VA for Sale
$750,000 USD
Apartments - FOR SALE
1/32
null | 5.98% Cap Rate

171 Hutton St
Abingdon, VA 24210


HIGHLIGHTS

  • Rents are currently $297 below market rate
  • New ownership has the opportunity to bill-back utilities to tenants
  • Each unit has an enclosed back porch and balconies off of each room
  • White/black refrigerator, dishwasher, electric stove, and hood included in each unit
  • All units have washer and dryer hookups
  • Buildings are built on a slab

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.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

10

PRICE/UNIT

$75,000

CAP RATE

5.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

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Patrick CosgroveMarcus & MillichapMore Info
615-997-2853

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