Great multifamily investment with a 6% cap rate and SOLID cash flow. The 24 units apartments consist of 6 three bedroom apartments, 14 two bedroom apartments, and 4 one bedroom apartments. The buildings were constructed in 1988 and have been tremendously renovated for the last 7 years. The improvements include the new roof, HVACs, plumbing, windows, flooring, kitchens, lighting, vanities, appliances including washer/dryer, and asphalt parking lot, etc. Two buildings are constructed with brick and vinyl exterior walls, a composition shingle and metal roof, and concrete slab on 2.6 acres. Adjacent 5.9 acres (R-2) is also included in sale. Stanardsville is a town in Greene County, VA and a part of the Charlottesville MSA. Currently near 100% occupancy.
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