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319 Main St 10 Unit Apartment Building $1,982,918 CAD ($198,292 CAD/Unit) West Point, VA 23181



Executive Summary
10-Unit Multi-Family Investment in Charming Downtown West Point Rare opportunity to acquire a well-maintained 10-unit apartment building in the heart of downtown West Point. Ideally located in a charming and walkable community near shops, dining, and the riverfront, this property benefits from exceptional rental demand due to the limited supply of apartment housing in the area. Most units have been recently renovated, each offering 2 bedrooms and 1 full bath with spacious layouts that appeal to long-term tenants. All units are individually metered for electricity, with one master water meter for easy management. Major capital improvements include a new roof, reducing future maintenance expenses. This property presents a true value-add opportunity, as current rents are under market and can be increased with minimal updates to capture the area’s strong rental demand. With stable occupancy and significant upside potential, this building is an excellent addition to any investment portfolio.
Property Facts
| Price | $1,982,918 CAD | Building Class | C |
| Price Per Unit | $198,292 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 8,742 SF |
| No. Units | 10 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1986 |
| Price | $1,982,918 CAD |
| Price Per Unit | $198,292 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 8,742 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1986 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Attic
- Dining Room
- Family Room
- Vinyl Flooring
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $915,361 CAD | |
| Land Assessment | $492,203 CAD | Total Assessment | $1,407,563 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$492,203 CAD
Improvements Assessment
$915,361 CAD
Total Assessment
$1,407,563 CAD
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319 Main St
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