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49 5th St NW
5 Unit Apartment Building $399,000 ($79,800/Unit) 10% Cap Rate Pulaski, VA 24301
Investment Highlights
- Corner lot 5-unit apartment building with massive income potential
Executive Summary
Corner lot 5-unit apartment building with massive income potential. Four 2-Bed, 1 Bath units and One 3-Bed, 1-Bath unit. Located in the northwest of downtown Pulaski, residents will enjoy being in walking distance to a rapidly revitalizing Main Street and within a 10 minute drive to Volvo Group's manufacturing facility, employer of over 4,000, and the largest private employer in the New River Valley. Projected as-is cap-rate of over 10%. Incredible value-add opportunity with cosmetic updates.
Property Facts
| Price | $399,000 | Building Class | B |
| Price Per Unit | $79,800 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,760 SF |
| Cap Rate | 10% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1941 |
| Property Type | Multifamily | Parking Ratio | 1.22/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $399,000 |
| Price Per Unit | $79,800 |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,760 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.22/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 17712 | Improvements Assessment | $259,000 |
| Land Assessment | $10,000 | Total Assessment | $269,000 |
PROPERTY TAXES
Parcel Number
17712
Land Assessment
$10,000
Improvements Assessment
$259,000
Total Assessment
$269,000
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49 5th St NW
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