305 N Main St | Galax, VA 24333
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- LoopNet Team
305 N Main St
Galax, VA 24333
Chestnut Creek Apartments · Multifamily Property For Sale · 33 Units
INVESTMENT HIGHLIGHTS
- Recently Renovated with Little Deferred Maintenance.
- Three Vacant Retail Spaces for Revenue Stream.
- Ability to Increase NOI by Reducing Expenses and Increasing Rents.
PROPERTY FACTS
| No. Units | 33 | Lot Size | 0.79 AC |
| Property Type | Multifamily | Building Size | 18,864 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1979/2019 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 18,864 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2019 |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $584.00 | - |
| 1+1 | 19 | $671.00 | - |
| 2+1 | 9 | $722.00 | - |
PROPERTY TAXES
| Parcel Number | 000013513001 | Improvements Assessment | $1,015,800 |
| Land Assessment | $236,800 | Total Assessment | $1,252,600 |
PROPERTY TAXES
Parcel Number
000013513001
Land Assessment
$236,800
Improvements Assessment
$1,015,800
Total Assessment
$1,252,600
ZONING
| Zoning Code | RS (Residential) |
| RS (Residential) |
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