12 unit Multi Family for Sale

Multi-Family for Sale
Catylist Listing ID: 30837810
Number of Units: 12 Units
Building Size (RSF): 4,800 SF
Gross Land Area: 1.84 Acres
Sale Price: $350,000
Unit Price: $29,166.67 Per Unit
Property Use Type: Business
Building Name: Building B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/2/2023

Overview / Comments

Multi Unit rental. 12 Rental Units (10 are currently occupied).
Owner/Landlord pays Water and Trash and maintains Septic. Units are individually metered. Roof less than five year old. Excellent opportunity to have immediate cash flow! Current rents total $4125 a month in income 2 units still available to be rented. There is a waiting list for the rentals but current owner is holding off due to potential sale.

Additional Details

Nearest MSA: Danville
County: Pittsylvania
Tax ID/APN: 2520-58-1318
Zoning: B2
Percent Occupied: 83%
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1982
Construction/Siding: Block, Brick
Parking Type: Surface
Parking Description: Surface parking. Two spaces per unit with additional surface parking
Total Parking Spaces: 30
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Internet Access: Cable
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,397 5,919
Median Age: 47.18 47.09
Households: 1,975 2,634
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