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Reids Run Apartments
Danville, VA 24541
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 10,140 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | B | Year Built | 1965 |
| Zoning | MR | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 10,140 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | MR |
ABOUT REIDS RUN APARTMENTS , DANVILLE, VA 24541
Description Class C, 10-unit, 2-story, Garden style, all brick, value add apartment complex for sale in Danville, Virginia. Partial renovations done in 2017 to six of the units include new laminate wood flooring in living area, bedrooms and hallways; new vinyl flooring in kitchens and bathrooms; all new kitchen and bathroom cabinets with new Formica kitchen counter tops. All 10 units have new refrigerators and seven new range/oven combinations. Electrical upgrades, replacement windows, new PEX plumbing and new exterior doors to hallways leading to multiple unit spaces throughout the building. The parking area has new asphalt covering and striping. With all of this done, there is still additional work to do and the opportunity to increase rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 7 | - | 700 |
| 3+1 | 2 | - | 800 |
PROPERTY TAXES
| Parcel Number | 25733 | Improvements Assessment | $313,000 |
| Land Assessment | $10,000 | Total Assessment | $323,000 |
PROPERTY TAXES
