This Multifamily Property is Off-Market.

5300 Hawthorne Road
Roanoke, VA 24012 ·

144 Units · Multifamily For Sale

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Hawthorne Towers

Price N/A Property Use Type Investment
No. Units 144 No. Stories 6
Building Size 79,644 SF Year Built 1976
Property Type Multifamily Lot Size 5.03 AC
Property Sub-type Mid/High-Rise APN / Parcel ID 038.14-01-34.00-0000
Listing ID: 17692710 Date Created: 06/06/2012 Last Updated: 08/21/2013

Description

Seller is soliciting Letters of Intent that should be accompanied by a bank letter showing sufficient funds on hand to close the transaction as well as a narrative of the Purchaser's intent and background. The ideal Purchaser would already be approved by HUD, and any Purchaser will need to show the ability to complete all outstanding maintenance issues as required by HUD.
Constructed in 1976, this all masonry, six story building has a total of 79,644 square feet. Situated on 5.03 acres in Roanoke County the building is comprised of 144 units with 48 one bedroom units and 96 efficiency units. Each unit is separately metered. Heating and air conditioning are provided by through-wall units and electric baseboard. The building is sprinkled. 57 of the units are covered by a Housing Assistance Payments contract (HAP). The remainder of the units must remain affordable housing units per HUD definition. The entire property is subject to a 20 year Use Agreement with HUD dated 9/30/2004.

Incredible Roanoke County address. This property is only 1.9 miles to Valley View Mall, western Virginia's largest shopping complex, 2.8 miles to Interstate 581 providing access to all points north and south and less than 2 miles from the Roanoke Regional Airport.

Highlights

  • Exceptional Roanoke County address
  • Convenient to shopping, interstate highway and regional airport
  • 5.03 acres
  • Abundant on-site parking

Research

5300 Hawthorne Road, Roanoke, VA 24012 (Roanoke City County)

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