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7576 Old Peppers Ferry Loop 17 Unit Apartment Building $875,000 ($51,471/Unit) 6.46% Cap Rate Fairlawn, VA 24141
INVESTMENT HIGHLIGHTS
- 17 Units: A Mix of One- & Two-Bedroom Units
- 94% Tenant Occupancy
- Recent Updates: New Roof & Plumbing
- Prime Location: 9 Minutes from Radford University
EXECUTIVE SUMMARY
The Uzun Group of Marcus & Millichap is pleased to present the offering memorandum for Fairlawn Apartments located at 7576 Old Peppers Ferry Loop in Fairlawn, VA 24141.
The property consists of seventeen units total. There are fifteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units built in 1940 and situated on +/- 0.55 ac.
The property consists of seventeen units total. There are fifteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units built in 1940 and situated on +/- 0.55 ac.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $51,471 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 6.46% | Building Size | 9,760 SF |
| Gross Rent Multiplier | 7.35 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Zoning | R - Residential | ||
| Price | $875,000 |
| Price Per Unit | $51,471 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Gross Rent Multiplier | 7.35 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 9,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R - Residential |
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PROPERTY TAXES
| Parcel Number | 13696 | Improvements Assessment | $674,100 (2025) |
| Land Assessment | $80,000 (2025) | Total Assessment | $754,100 (2025) |
PROPERTY TAXES
Parcel Number
13696
Land Assessment
$80,000 (2025)
Improvements Assessment
$674,100 (2025)
Total Assessment
$754,100 (2025)
CONTACTS
-
Jack Carroll -
Altay Uzun -
Justin Ferguson -
Myles Lee -
Tracey Mori -
Marcus & Millichap
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7576 Old Peppers Ferry Loop
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