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Tanglewylde Gardens 400 Tanglewylde Dr 36 Unit Apartment Building $1,830,000 ($50,833/Unit) 4% Cap Rate South Boston, VA 24592
Executive Summary
Introducing an exceptional investment opportunity in the heart of South Boston, VA. Tanglewylde Gardens consists of 6 buildings with a total of 36 rental units. This is a stable, well-maintained apartment complex offering a strong unit mix and an ideal location in a quiet neighborhood within walking distance to the hospital and just minutes from retail, dining & schools. With a total of 24,174 sq ft there are 12 one-bedroom units and 24 two-bedroom units situated on 3.33 acres. This is a rare chance to acquire a fully operational asset with proven performance. Buyer/Buyer's agent to verify all information.
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
|
| Net Operating Income |
-
|
-
|
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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,830,000 | Apartment Style | Garden |
| Price Per Unit | $50,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.33 AC |
| Cap Rate | 4% | Building Size | 24,174 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 36 | Year Built | 1960 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R4 - Multiple Dwelling | ||
| Price | $1,830,000 |
| Price Per Unit | $50,833 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.33 AC |
| Building Size | 24,174 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | R4 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 24 | - | - |
1 1
Property Taxes
| Parcel Number | 1029 | Improvements Assessment | $773,258 |
| Land Assessment | $117,500 | Total Assessment | $890,758 |
Property Taxes
Parcel Number
1029
Land Assessment
$117,500
Improvements Assessment
$773,258
Total Assessment
$890,758
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Tanglewylde Gardens | 400 Tanglewylde Dr
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