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29259521
29259522

319 Main St, West Point, VA 23181 For Sale

KB
VA 0225209692
Elite Realty
Listed by Elite Realty
$1,450,000
183 days on market
Updated 138 days ago

319 Main St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,742
Units 10
Occupancy 100%
Price per SqFt $166
Year Built 1963
Year Renovated 2023
Buildings 1
Stories 2

Multifamily | 10 Units | $145,000/unit

Marketing description


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.

Listing Contacts

KB
VA 0225209692
Elite Realty
Listed by Elite Realty

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Additional Information

Name
Kristin Buyalos
License
0225209692
Brokerage
EXP Realty
Brokerage Phone
804-922-7839
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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