RIVER CROSSING APARTMENTS-20 UNIT TOWNHOMES 2754 Maple Ave 20 Unit Apartment Building $2,850,000 ($142,500/Unit) Buena Vista, VA 24416
INVESTMENT HIGHLIGHTS
- Constructed in 2007 and have been well maintained.
- Each unit is fully furnished with washer/dryer and furniture such as beds, dressers, couch, chair/ottoman, end tables, dining table/4 chairs, desk, et
- improvements Include updated HVACs, water heaters, appliances, an asphalt paved private/assigned parking lot, concrete sidewalks, security lighting, a
- Five buildings are constructed with Hardie Plank cement board siding, a composition shingle roof, steel framing, and concrete slab on approximately 1.
EXECUTIVE SUMMARY
Located at 2754 Maple Avenue, Buena Vista, VA 24416, the River Crossing Apartments are fully furnished student housing next to Southern Virginia University (SVU). The properties are considered “on campus” housing approved by SVU. Twenty 2 story townhouses with 2 bedrooms, 1.5 bath and approximately 1,000 sf. Each unit is fully furnished with washer/dryer and furniture such as beds, dressers, couch, chair/ottoman, end tables, dining table/4 chairs, desk, etc. Five buildings are constructed with Hardie Plank cement board siding, a composition shingle roof, steel framing, and concrete slab on approximately 1.67 acres. The buildings were constructed in 2007 and have been well maintained by the same owner. Other improvements include updated HVACs, water heaters, appliances, an asphalt paved private/assigned parking lot, concrete sidewalks and security lighting. Conversion of bedding from traditional box spring/mattress to platform/memory foam. Approximately 1-acre adjacent lot would be available for sale at $150K with the apartments sale. Owner financing available for a qualified buyer.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 20 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 191415 | Improvements Assessment | $1,180,000 |
| Land Assessment | $120,000 | Total Assessment | $1,300,000 |
