Village Square Apartments

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 VILLAGE SQUARE APARTMENTS.​

• Rents are currently $297 below market rate

• New ownership has the ability to bill back utilities to tenants

• Buildings are built on a slab

• 7 Units use gas furnaces and window air conditioners, 2 units use gas furnaces and central air, and 1 unit uses a heat pump and central air

• White/black refrigerator, dishwasher, electric stove, and hood included in each unit

• Each unit has an enclosed back porch and balconies off each bedroom

• All units have washer & dryer hookups