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Contact Information
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Jim Sarver
Coldwell Banker Townside Bburg
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Listing Details
MLS #: 408097
List Price: $3,150,000
Search Price:  
Apx Fin SqFt: 15648
Apx Acreage: 0.609
Style/Structure/Home: Contemporary
Levels: Two or More
Year Built:  
Address: 1307 North Main Street
Address Direction:  
Address Number: 1307
Address Street: North Main
Address Post Direction:  
Subdivision: Other
School District: Montgomery County
Elementary School: Other
Middle School: Blacksburg
High School: Blacksburg
Area: Blacksburg (in town limits)
City/Town: Blacksburg
Zip Code: 24060
Air Conditioning: Heat Pump
Manufactured: 0
Units: 13
Water Heater:  
Public Remarks: Excellent investment opportunity in Blacksburg! Built in 2016 this property is in excellent condition with all the best finishes and will be sold fully furnished. The 13 unit building is currently used as an extended stay with great income history. The opportunity exists to rent these units for typical 12 month terms and achieve approximately the same CAP rate. The lower level is home to a management office and garage parking for residents. 2500 gallon water tanks also housed in the lower level capture building runoff and it is filtered prior to use for non-potable water uses by the residents making this an eco friendly building and lowering operating costs. This is a low maintenance building and an easy to operate business!