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RIVER CROSSING APARTMENTS-20 UNIT TOWNHOMES 2754 Maple Ave

20 Unit Apartment Building $2,850,000 ($142,500/Unit) Buena Vista, VA 24416

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Investment Highlights

Constructed in 2007 and have been well maintained.
Each unit is fully furnished with washer/dryer and furniture such as beds, dressers, couch, chair/ottoman, end tables, dining table/4 chairs, desk, et

improvements Include updated HVACs, water heaters, appliances, an asphalt paved private/assigned parking lot, concrete sidewalks, security lighting, a
Five buildings are constructed with Hardie Plank cement board siding, a composition shingle roof, steel framing, and concrete slab on approximately 1.

Executive Summary

Located at 2754 Maple Avenue, Buena Vista, VA 24416, the River Crossing Apartments are fully furnished student housing next to Southern Virginia University (SVU). The properties are considered “on campus” housing approved by SVU. Twenty 2 story townhouses with 2 bedrooms, 1.5 bath and approximately 1,000 sf. Each unit is fully furnished with washer/dryer and furniture such as beds, dressers, couch, chair/ottoman, end tables, dining table/4 chairs, desk, etc. Five buildings are constructed with Hardie Plank cement board siding, a composition shingle roof, steel framing, and concrete slab on approximately 1.67 acres. The buildings were constructed in 2007 and have been well maintained by the same owner. Other improvements include updated HVACs, water heaters, appliances, an asphalt paved private/assigned parking lot, concrete sidewalks and security lighting. Conversion of bedding from traditional box spring/mattress to platform/memory foam. Approximately 1-acre adjacent lot would be available for sale at $150K with the apartments sale.

Buena Vista Brochure

Property Facts

Price	$2,850,000	Apartment Style	Townhome
Price Per Unit	$142,500	Building Class	B
Sale Type	Investment	Lot Size	1.67 AC
Sale Conditions	1031 Exchange Bulk/Portfolio Sale	Building Size	23,740 SF
No. Units	20	No. Stories	2
Property Type	Multifamily	Year Built	2007
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,850,000
Price Per Unit	$142,500
Sale Type	Investment
Sale Conditions	1031 Exchange Bulk/Portfolio Sale
No. Units	20
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	B
Lot Size	1.67 AC
Building Size	23,740 SF
No. Stories	2
Year Built	2007
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.