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Greens Folly 2 Multifamily Properties Offered at $3,790,000 in South Boston, VA
Executive Summary
Great Investment Opportunity! Greens Folly Apartments consists of 9 low-maintenance brick buildings with a total of 65 units. Addresses are 1005, 1006, 1015, 1016, 1025, & 1026 Harris Dr; 350 Powell Rd; 319 & 323 Valley Dr South Boston, Va. There are 27 one bedroom, 29 two bedroom, and 9 three bedroom apartments, situated on 7.98 acres. The location is just minutes from retail, medical care, schools, and dining making this a top choice for prospective tenants. This 45,402-sq-ft property presents a favorable density profile and potential for future value-add strategies. Don't miss out on this property, which offers immediate scale, a favorable unit mix, and significant land value, and is positioned to capitalize on major regional economic drivers such as Virginia International Raceway, South Boston Speedway, Caesars Virginia Casino, & Hitachi Energy that has an expansion planned, creating over 800 new jobs. Buyer/Buyer's agent to verify all information.
Property Facts
| Price | $3,790,000 | Number of Properties | 2 |
| Price / SF | $75.47 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 50,220 SF |
| Status | Active | Total Land Area | 9.10 AC |
| Price | $3,790,000 |
| Price / SF | $75.47 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 50,220 SF |
| Total Land Area | 9.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1025 Harris Dr, South Boston, VA 24592 | Multifamily | 35,520 SF | 2004 | - |
| 350 Valley Dr, South Boston, VA 24592 | Multifamily | 14,700 SF | 2004 | - |
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