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132 Mesa Ln - Holston View Apartments

52 Unit Apartment Building Offered at $5,800,000 at a 5.63% Cap Rate in Bristol, VA 24201

Apartment Buildings Virginia Bristol 132 Mesa Ln, Bristol, VA 24201

Investment Highlights

  • 52 Units located within a ten minute drive to Hard Rock Hotel and Casino

Executive Summary

52 Units located within a ten minute drive to Hard Rock Hotel and Casino

Attachments

Holston View OM

Data Room Click Here to Access

  • Offering Memorandum
  • Operating and Financials

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,800,000 Building Class C
Price Per Unit $111,538 Lot Size 7.35 AC
Sale Type Investment Building Size 44,833 SF
Cap Rate 5.63% Average Occupancy 87%
No. Units 52 No. Stories 3
Property Type
Multifamily
  • Multifamily Apartments
 Year Built 1939
Apartment Style Low Rise Parking Ratio 0.94/1,000 SF
Price $5,800,000
Price Per Unit $111,538
Sale Type Investment
Cap Rate 5.63%
No. Units 52
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low Rise
Building Class C
Lot Size 7.35 AC
Building Size 44,833 SF
Average Occupancy 87%
No. Stories 3
Year Built 1939
Parking Ratio 0.94/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 23 - -
2+2 23 - -
3+1 4 - -
Studios 2 - -
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PROPERTY TAXES

Parcel Number 17-5-1 Improvements Assessment $394,700
Land Assessment $178,400 Total Assessment $573,100

PROPERTY TAXES

Parcel Number
17-5-1
Land Assessment
$178,400
Improvements Assessment
$394,700
Total Assessment
$573,100
(423) 483-5311

  • Listing ID: 33343893

  • Date on Market: 9/28/2024

  • Last Updated:

  • Address: 132 Mesa Ln, Bristol, VA 24201

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132 Mesa Ln - Holston View Apartments
(423) 483-5311 x

132 Mesa Ln - Holston View Apartments

Tyler Carver

(423) 483-5311

(423) 483-5311

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