80 Unit Apartment Complex

Address :

138 Wesley Drive
Danville, Virginia 24540

Financial information :

Sale Price $ 4,300,000

Details :

SOLD - 7 Apartment Buildings with 80 Apartments on 3.89 Acres. 6 Units have 11-2BR apartments and 1-1BR apartment. Unit #147 has 8-2BR apartments and a Laundry Room on the lower level. There are 74 2-Bedroom Apartments and 6 1-Bedroom Apartments. All of the Buildings' Roofs were replaced in 2022-2025. Rent was increased in December 2023 to $750 for the 2-bedroom units and $675 for the 1-bedroom units for new tenants moving in. Each Building has 3,720 SF on each of 3 levels for a total of approx. 71,000 SF finished space.  

3 YEARS CASHFLOW STATEMENTS AND NOVEMBER 2025 RENT ROLL ARE AVAILABLE UPON REQUEST. Email JohnLaramore@iCloud.com

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