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1025 Harris Dr - Greens Folly 7.98 Acres of Commercial Land Offered at $5,243,048 CAD in South Boston, VA 24592
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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
1 LOT AVAILABLE
Lot 5
| Price | $5,243,048 CAD | Lot Size | 7.98 AC |
| Price Per AC | $657,023.55 CAD |
| Price | $5,243,048 CAD |
| Price Per AC | $657,023.55 CAD |
| Lot Size | 7.98 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,176,344 CAD | |
| Land Assessment | $543,853 CAD | Total Assessment | $2,720,197 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$543,853 CAD
Improvements Assessment
$2,176,344 CAD
Total Assessment
$2,720,197 CAD
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1025 Harris Dr - Greens Folly
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