Crosscreek of Abingdon

Link to Deal Room and Financials: https://www.​marcusmillichap.​com/properties/170424/crosscreek-of-abingdon

Marcus & Millichap has been selected to exclusively market for sale this property in Abingdon, VA.​ This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Blue Ridge Mountains.​

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close.​ The purchase terms shall require all cash to be paid at closing.​

AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE CROSSCREEK OF ABINGDON.​

• Total of 37 units within the Crosscreek Townhouse Community.

• Opportunity for new ownership to acquire 37 units of the 51 unit community and have the majority of votes in the HOA

• HOA fees cover mowing, snow removal, maintenance of the pool/clubhouse, roofing and exterior insurance premiums

• $178,728 spent on capital improvements in the past 36-months

• All buildings are built on a crawlspace, with the exception of 5 units with a drive-under garage

• All units have washer and dryer connections

• Four and a half of the buildings have had their roofs replaced in 2018

• Units are provided with a refrigerator, dishwasher, oven, and over-the-range microwave

• Individually metered for water and electricity

• PVC and copper piping