Log In/Sign Up
Your email has been sent.
Smith Street Apartments 210 Smith St 39 Unit Apartment Building For Sale South Hill, VA 23970
Investment Highlights
- Value Add Opportunity - $200 Rent Premiums
- Individual Back Patios
- 1 mile from downtown south hill
- W/D Hook ups in each unit
- Townhome style 2-bed units
- Brand new roofs
Executive Summary
CBRE Multifamily is pleased to present the sale of Smith Street Apartments in South Hill, Virginia.
Smith Street offers investors a compelling opportunity to acquire a well-constructed property in a rapidly growing tertiary market in Virginia. Built in the early to mid-1990s, this 39-unit complex (comprising 36 two-bedroom units and 3 one-bedroom units, all with private patios) is ideally positioned for a value-add strategy.
Benefiting from the area’s burgeoning population, fueled by the presence of 12 data center sites (including 8 owned by Microsoft), the property currently boasts average rents of $785. This presents an excellent opportunity to increase rental income by $200 per unit through implementation of a value add program.
Smith Street offers investors a compelling opportunity to acquire a well-constructed property in a rapidly growing tertiary market in Virginia. Built in the early to mid-1990s, this 39-unit complex (comprising 36 two-bedroom units and 3 one-bedroom units, all with private patios) is ideally positioned for a value-add strategy.
Benefiting from the area’s burgeoning population, fueled by the presence of 12 data center sites (including 8 owned by Microsoft), the property currently boasts average rents of $785. This presents an excellent opportunity to increase rental income by $200 per unit through implementation of a value add program.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 3.05 AC |
| No. Units | 39 | Building Size | 37,069 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1992/1996 |
| Apartment Style | Garden | Parking Ratio | 1.97/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | 216 | ||
| Sale Type | Investment |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.05 AC |
| Building Size | 37,069 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1992/1996 |
| Parking Ratio | 1.97/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 216 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Freezer
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,665,820 CAD | |
| Land Assessment | $193,817 CAD | Total Assessment | $2,859,637 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$193,817 CAD
Improvements Assessment
$2,665,820 CAD
Total Assessment
$2,859,637 CAD
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Smith Street Apartments | 210 Smith St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.