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Smore's House 217 W 28th St 4 Unit Apartment Building $399,900 ($99,975/Unit) Buena Vista, VA 24416
Executive Summary
?? PRICE REDUCED – TURNKEY INVESTMENT PROPERTY NEAR SOUTHERN VIRGINIA UNIVERSITY
?? 217 West 28th Street, Buena Vista, VA
?? Now Offered at $399,900
Investor opportunity just minutes from Southern Virginia University!
This fully renovated property is currently producing $2,950/month ($35,400 annually) in gross rental income and is ideally positioned to serve the strong demand for student and local workforce housing.
Income & Expenses
?? Gross Rental Income: $2,950/month ($35,400/year)
Estimated Annual Expenses:
• Real Estate Taxes: $2,758.70
• Insurance: ~$960/year
• Internet: ~$840/year
• Electric: ~$2,400/year
• Water/Trash/Sewer: ~$1,800–$2,400/year
Property Features
? 4 Bedrooms
? 6 Bathrooms
? Approximately 2,600 Sq Ft
? Fully Renovated in 2020
? Modern Finishes Throughout
? Turnkey Investment Opportunity
? Minutes from Southern Virginia University
Whether you're looking to expand your rental portfolio, invest in student housing, or acquire a stabilized income-producing property, this one is worth a look.
?? Additional photos, financial information, and property details can be found here:
?? PROPERTY WEBSITE ??
https://view.clingerphoto.com/217_w_28th_st-6091
?? Message me with any questions or to schedule a private tour.
Wes Sparks, REALTOR®
eXp Realty
?? (540) 836-5179
#InvestmentProperty #CashFlow #RealEstateInvestor #StudentHousing #SouthernVirginiaUniversity #RentalProperty #BuyAndHold #PassiveIncome #VirginiaRealEstate #BuenaVistaVA #PriceReduced
?? 217 West 28th Street, Buena Vista, VA
?? Now Offered at $399,900
Investor opportunity just minutes from Southern Virginia University!
This fully renovated property is currently producing $2,950/month ($35,400 annually) in gross rental income and is ideally positioned to serve the strong demand for student and local workforce housing.
Income & Expenses
?? Gross Rental Income: $2,950/month ($35,400/year)
Estimated Annual Expenses:
• Real Estate Taxes: $2,758.70
• Insurance: ~$960/year
• Internet: ~$840/year
• Electric: ~$2,400/year
• Water/Trash/Sewer: ~$1,800–$2,400/year
Property Features
? 4 Bedrooms
? 6 Bathrooms
? Approximately 2,600 Sq Ft
? Fully Renovated in 2020
? Modern Finishes Throughout
? Turnkey Investment Opportunity
? Minutes from Southern Virginia University
Whether you're looking to expand your rental portfolio, invest in student housing, or acquire a stabilized income-producing property, this one is worth a look.
?? Additional photos, financial information, and property details can be found here:
?? PROPERTY WEBSITE ??
https://view.clingerphoto.com/217_w_28th_st-6091
?? Message me with any questions or to schedule a private tour.
Wes Sparks, REALTOR®
eXp Realty
?? (540) 836-5179
#InvestmentProperty #CashFlow #RealEstateInvestor #StudentHousing #SouthernVirginiaUniversity #RentalProperty #BuyAndHold #PassiveIncome #VirginiaRealEstate #BuenaVistaVA #PriceReduced
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $750.00 | - |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 18- 1- 5-21- 22 | Total Assessment | $281,500 |
| Land Assessment | $18,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $263,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
18- 1- 5-21- 22
Land Assessment
$18,000
Improvements Assessment
$263,500
Total Assessment
$281,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Smore's House | 217 W 28th St
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