80 Unit Apartment Complex
Address :
138 Wesley Drive24540 Danville
Area : Virginia
Financial information :
| Sale Price | $ 5,200,000 |
|---|
Details :
UNDER CONTRACT - 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 a total of 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