1807 E Church Street Ext | Martinsville, VA 24112
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1807 E Church Street Ext
Martinsville, VA 24112
Stratford Square Apartments · Multifamily Property For Sale
·
77 Units
INVESTMENT HIGHLIGHTS
- Stratford Square is in the heart of a quiet, well established residential neighborhood in Martinsville, VA.
- This 77 unit apartment complex is in close proximity to shopping, dining, schools, entertainment, medical services and major area thoroughfares.
- Stratford Square's amenities include a swimming pool, playground and tennis court.
- The 6.25 acre parcel is well maintained and the mature landscaping includes oaks, dogwood trees, azaleas and rhododendrons.
- Utilities are separately metered and there are opportunities for rent growth.
- The Property is offered at a 5.3% CAP with a conservative Pro-Forma 7.68% CAP.
PROPERTY FACTS
| No. Units | 77 | Building Size | 272,076 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.51/1,000 SF |
| Lot Size | 6.25 AC | ||
| Zoning | R-N - The R-N, Neighborhood Residential District (formerly R-9) is intended to preserve and enhance existing medium density residential neighborhoods. | ||
| No. Units | 77 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.25 AC |
| Building Size | 272,076 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | R-N - The R-N, Neighborhood Residential District (formerly R-9) is intended to preserve and enhance existing medium density residential neighborhoods. |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Freezer
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Pool
- Tenant Controlled HVAC
- Tennis Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $425.00 | 637 |
| 2+2 | 70 | $650.00 | 1,044 |
| 3+2 | 3 | $900.00 | 1,856 |
PROPERTY TAXES
| Parcel Number | 000307900 | Improvements Assessment | $4,565,900 |
| Land Assessment | $392,700 | Total Assessment | $4,958,600 |
PROPERTY TAXES
Parcel Number
000307900
Land Assessment
$392,700
Improvements Assessment
$4,565,900
Total Assessment
$4,958,600
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