eXp realty, LLC
Listed by eXp realty, LLC
$1,600,000
1201-1217 Fairfax St
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 8,263
Cap Rate 6.78%
NOI $108,451
Occupancy 100%
Price per SqFt $194
Year Built 1940, 1939, 1923, 1944, 1934
Buildings 5
Acreage 0.860
Zoning R4
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.63
Occupancy Date 11/12/2025
Ground Lease Yes
Multifamily
Marketing description
Rare R‑4 zoned Radford portfolio: five homes side‑by‑side on Fairfax St producing about $12K/month. Strong rental history, walkable to Radford University, with Quick Way directly across the street. Includes 1201 (5/2, 1,834 sf, $2,250), 1205 (3/1, 1,129 sf, $1,350), 1207 (7/2, 2,064 sf, $3,500), 1211 (6/2, 1,862 sf, $3,000), 1217 (4/2, 1,374 sf, $1,800). Approx. 0.75 acres. Package sale only.
Investment highlights
All five homes are tenant‑occupied; showings by appointment only and easiest to schedule on Wednesdays. Tenants may be present during showings. Please do not disturb occupants. Current owner performs a yearly cleanout and scheduled maintenance each August. Homes sold as‑is and as one package.
Listing Contacts
eXp realty, LLC
Listed by eXp realty, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,451.00
$9,037.58/mo
Valuation Metrics
0
DSCR
6.78%
Cap Rate
6.78%
ROI
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