Historical Multifamily Sale Listing - Hawthorne Towers

Multifamily For Sale

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Hawthorne Towers

5300 Hawthorne Road, Roanoke, VA 24012

N/A

144 Units | Multifamily

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Hawthorne Towers

Multifamily Property - Off Market

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

Highlights

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

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.

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

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Created 6/6/2012