Virginia Multi-Family For Sale

Located on Campbell Avenue between 1st and 2nd St Presented by Bryan Musselwhite, CCIM, and Stephen Pendergrass of Poe & Cronk Real Estate Group – 121 Campbell Ave., is a 6,769SF mixed-use building located in the heart of downtown Roanoke, VA. The recently renovated building has 5 individual units, 4 two-bedroom apartments, and 2 ground-level commercials suites. The building includes an elevator and spacious outdoor decking at the residential apartments. 121 Campbell Ave offers the owner an opportunity to live/work and generate additional income from long- and short-term rentals. This is a great opportunity to own a property and take advantage of the high demand for apartments in downtown Roanoke.

49 Easy St., Bracey, VA SVN Motleys is pleased to present this income-producing 4.9± acre Mobile Home Park in Mecklenburg County, VA. The trailers and home are included with the sale of the property. Current Monthly Rental Income: $3,150 Current Annual Rental Income: $37,800

22-56 Newby Rd SVN Motleys is pleased to present this 8.37± acre Mobile Home Park in Chase City, VA. This is an income-producing investment opportunity, with plenty of land for future expansion to accommodate the Microsoft Data Center less than 20 minutes away. Potential Total Monthly Rental Income: $11,800. Potential Total Annual Rental Income: $141,600

Virginia Union Submarket of the City of Richmond. The VUU/Chamberlayne neighborhood is positioned to enhance and capitalize on its proximity and relationship with the City’s strong institutional, commercial, and neighborhood partners. The Neighborhood Plan make the following key recommendations, which are summarized as follows: 1. Transform Lombardy Street between Brook and Chamberlayne into a neighborhood center with apartments, restaurants, shops, services, and a town square.Encourage redevelopment of largely underutilized parcels into mixed-use buildings along Chamberlayne. 2. Brand light industrial parcels into an industrial innovation area and improve the physical environment with improved stormwater management, landscaping, lighting, signage, screening, and gateways. 3. Change the design of Chamberlayne, Brook, and Lombardy to provide on-street parking, improve pedestrian access and safety, accommodate bicycles, street lighting, and landscaping. 4. Fix existing stormwater facilities and implement new mitigation measures in public rights-of-way and with site development regulations. 5. Implement new parking lot standards to improve their appearance and function. Blue Whale Commercial is pleased to be the exclusive listing agent for the Graham Court Townhome Apartments in the VUU/Chamberlayne neighborhood of Richmond, VA. This recently renovated development consisting of 19 fully-leased townhouses which have individual parcel id (PID) numbers has a gross income of $93,655 through the 1st half of 2021 and had a net operating income of $132,255 in 2020. The townhomes have gone through progressive renovations since 2018. Historically, the property has maintained high to full occupancy rates however, due to the increasing demand and neighboring new multi-family developments current rental rates have room for increase. These properties are located in an area that has high market/regional visibility and the subject of specific focus by the City's planning department. In 2014 Urban Design Associates was selected to conduct a neighborhood study and lead the planning process for the 520-acre area including VUU/Chamberlayne neighborhoods which this offering resides in. It was concluded that these neighborhoods possess a vibrant mix of uses, including both significant residential and employment areas. Adjacent to the historic VUU is an industrial center, historic neighborhoods, a commercial district along Chamberlayne Avenue, and Children’s Hospital of Richmond at VCU. The VUU/Chamberlayne neighborhood is positioned to enhance and capitalize on its proximity and relationship with the City’s strong institutional, commercial, and neighborhood partners.

West side of Williamson Rd near the Intersection of Hershberger. Rd. This is one of three adjacent properties offered for sale at a total price of $390,000. The other two properties are 4818 Williamson, a 4600 SF restaurant and 4620 Williamson, a 2600 SF beauty salon. THESE ARE ALL LEASED. PLEASE DO NOT CONTACT ANY OF THE TENANTS. This property is being sold “as is”.

Property is located in the Carver District on the corner of W. Leigh Street and Norton Street in the City of Richmond, VA. Property is in close proximity to Virginia Commonwealth University's expansion, the Biotech Park, the Fan District, the Museum District, the downtown central business district, the Richmond Coliseum and is easily accessible to all the culture that the city has to offer with I-64 and I-95 nearby. 2 Story Multi-Family Apartment & Retail Building has total of 5,840 SF and consists of one 3 bedroom/1 bath, two 2 bedroom/1 bath renovated apartments and a 1,500 square foot ground floor retail space. Current retail configuration is for restaurant use (former site of the Magpie).

Lots of improvements such as Roof replacement (2015), Electrical service upgrade (2013), rear porch replacement (2010), appliances replacement (2013~2016), and commercial washer and dryer in laundry room (2014).

This property is located approximately 45 ± miles to Farmville, VA, 60 ± miles to Emporia, VA, 77 ± miles to Durham, NC, 90 ± miles to Richmond, VA, and 108 ± miles to Roanoke, VA. Financials Available Upon Request SVN/Motleys is pleased to present, as exclusive agent to the seller, the 84 unit mobile home park located at 116 Blankenship Rd., Chase City, VA 23924. This offering represents a significant value-add opportunity in one of the hottest product types in the market. Water is supplied via six wells on the property (14± units per well) and the property is connected to the Chase City sewer system. The property totals 19.64 AC and is zoned AG by Mecklenburg County, VA.

Located in the heart of Downtown Fredericksburg within walking distance of VRE 4-unit multi-family property in Downtown Fredericksburg for Sale.

Historic property just 1/2 mile from the corner of 12th and Main Streets and the Lynchburg Farmers Market in the heart of Historic Downtown Lynchburg Virginia on a bus route Designated Historic property. the original part was Lynchburg's first hospital and built in 1860 in 1921 the Masons added a 4 story Neoclassical addition with Brick and Marble. Later the building was used as a nursing home until early 2007. The current owner has rented 32 rooms to low income people. He recently got approval to renovate the building into 40 apartments. The building could also be used as a dormitory or an assisted living facility.

commericial

Located within walking distance of downtown Bedford & centrally located between Roanoke & Lynchburg. Liberty Manor Apartments are located in Bedford, VA, within walking distance of downtown and centrally located between Roanoke & Lynchburg. With a blend of quality, design, and comfort, this 24-unit complex offers 2-bedroom, one bath apartments all with dishwashers. Most units enjoy patios with breathtaking views of the Peaks of Otter. Historically, this property has been a HUD Section-8 housing option for residents in the Bedford community. Still, the agreement with the current owner will expire 01-31-21, allowing for conversion to a standard rental option. Financials available for serious inquires only.