$3,200,000
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3011 Shire Circle Christiansburg, VA 24073
Apartment Building
Residence
Beds
Baths
...
Bed/Bath
35,160
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Incredible opportunity to own a proven, consistent multi-family property in Christiansburg, VA! Twenty-five total units across four buildings, with potential for the addition of twelve more units - unit mix included in Additional Documents. Ability to modify current mix to include up to twelve more ...bedrooms, as well. Complex has been a high-performing STR property, with 100% occupancy and gross rents just shy of $25,000/mo, and NOI of $12,000/mo. Original building on site was previously a pizza restaurant, and could be converted again by right via the existing Special Use Permit as a value-add for both guests of the complex, as well as the broader community. Further improving cash flow, a twenty-sixth unit has been used for storage only, but could be converted to income-producing. Tenant mix has historically come from corporate relocation business, traveling medical professionals, and construction. Centrally located between Blacksburg, Christiansburg, and Radford.
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MLS#
421409
Property Type
Apartment Building
Square Feet
35,160
sq. ft
Price per Sq. Ft.
$91.01
Lot Size
2.63
Sewer
Public Sewer
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