804 Crosscreek Dr - Crosscreek of Abingdon
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804 Crosscreek Dr - Crosscreek of Abingdon
37 Unit Apartment Building Offered For Sale in Abingdon, VA 24210
Investment Highlights
- Total of 37 units within the Crosscreek Townhouse Community.
- HOA fees cover mowing, snow removal, maintenance of the pool/clubhouse, roofing and exterior insurance premiums
- All buildings are built on a crawlspace, with the exception of 5 units with a drive-under garage
- Opportunity for new ownership to acquire 37 units of the 51 unit community and have the majority of votes in the HOA
- $178,728 spent on capital improvements in the past 36-months
- All units have washer and dryer connections
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/170424/crosscreek-of-abingdon
Marcus & Millichap has been selected to exclusively market for sale this property in Abingdon, VA. The Crosscreek of Abingdon offering includes 37 townhomes in the Crosscreek Townhouse Community. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Blue Ridge Mountains.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE CROSSCREEK OF ABINGDON.
Marcus & Millichap has been selected to exclusively market for sale this property in Abingdon, VA. The Crosscreek of Abingdon offering includes 37 townhomes in the Crosscreek Townhouse Community. This offering will allow a potential investor to purchase a rare value-add opportunity Located in the Blue Ridge Mountains.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE CROSSCREEK OF ABINGDON.
Property Facts
| Sale Type | Investment | Building Size | 46,296 SF |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1993 |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Building Size | 46,296 SF |
| No. Stories | 2 |
| Year Built | 1993 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 36 | $879.50 | 1,240 |
| 3+2 | 1 | $1,300 | 1,656 |
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804 Crosscreek Dr - Crosscreek of Abingdon
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