Apartment complex with a positive cash flow. Great investment property in desirable Abingdon, VA. This comples has a total of 36 units that consists of 28 two bedroom and 8 one bedrooms. Beautiful courtyard, decking and buildings are all brick..Annual rental income = 188,700.00 with a 9.14% N.O.I. cap rate-!! Square footage obtained from tax records, buyers to verify.
* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
The Multi-Family (2-4 Units) located at 471-499 Nicholas St., Abingdon, VA 24210 is currently for sale.
471-499 Nicholas St. is listed for $1,499,000.
This property has 65 bedrooms, and 36 half bathrooms.
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