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319 Main St 10 Unit Apartment Building $1,575,000 ($157,500/Unit) West Point, VA 23181
INVESTMENT HIGHLIGHTS
- 10 Unit Apartments - 2 Bed / 1 Bath Approx 800 Sqft
EXECUTIVE SUMMARY
10-Unit Multi-Family Investment in Charming Downtown West Point
Rare opportunity to acquire a well-maintained 10-unit apartment building in the heart of downtown West Point. Ideally located in a charming and walkable community near shops, dining, and the riverfront, this property benefits from exceptional rental demand due to the limited supply of apartment housing in the area.
Most units have been recently renovated with stainless steel appliances and granite countertops. Each offering 2 bedrooms and 1 full bath with spacious layouts that appeal to long-term tenants. All units are individually metered for electricity, with one master water meter for easy management. Major capital improvements include a new roof, reducing future maintenance expenses.
This property presents a true value-add opportunity, as current rents are under market and can be increased with minimal updates to capture the area’s strong rental demand. With stable occupancy and significant upside potential, this building is an excellent addition to any investment portfolio.
Rare opportunity to acquire a well-maintained 10-unit apartment building in the heart of downtown West Point. Ideally located in a charming and walkable community near shops, dining, and the riverfront, this property benefits from exceptional rental demand due to the limited supply of apartment housing in the area.
Most units have been recently renovated with stainless steel appliances and granite countertops. Each offering 2 bedrooms and 1 full bath with spacious layouts that appeal to long-term tenants. All units are individually metered for electricity, with one master water meter for easy management. Major capital improvements include a new roof, reducing future maintenance expenses.
This property presents a true value-add opportunity, as current rents are under market and can be increased with minimal updates to capture the area’s strong rental demand. With stable occupancy and significant upside potential, this building is an excellent addition to any investment portfolio.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Attic
- Dining Room
- Family Room
- Vinyl Flooring
SITE AMENITIES
- Individual Locking Bedrooms
- Private Bathroom
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PROPERTY TAXES
| Parcel Number | 69A1 14 154 | Improvements Assessment | $361,900 |
| Land Assessment | $300,000 | Total Assessment | $661,900 |
PROPERTY TAXES
Parcel Number
69A1 14 154
Land Assessment
$300,000
Improvements Assessment
$361,900
Total Assessment
$661,900
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319 Main St
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