Courtesy: EXP Realty, LLC
Kristin Buyalos
804-922-7839
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.
West Point is located in Virginia. West Point, Virginia has a population of 3,364. West Point is more family-centric than the surrounding county with 32.56% of the households containing married families with children. The county average for households married with children is 32.33%.
The median household income in West Point, Virginia is $80,300. The median household income for the surrounding county is $74,592 compared to the national median of $69,021. The median age of people living in West Point is 42.9 years.
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 27.8 degrees. The average rainfall is approximately 45.4 inches per year, with 8.6 inches of snow per year.
