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Danville Portfolio 3 Multifamily Properties Offered at $2,550,000 in Danville, VA
INVESTMENT HIGHLIGHTS
- 3 Properties Totaling 44 Units: A Mix of One- & Two-Bedrooms
- Strategically Located Less Than Ten Minutes from Danville Community College, Averett University, Sovah Health, Ikea & Nestle
- Prime Location Within Six Minutes of Downtown Danville and Two Minutes of the Dan River
- Situated Five Miles from Highway 58 and Highway 29
EXECUTIVE SUMMARY
324 Cleveland Street:
The Uzun Group of Marcus and Millichap is pleased to present the offering memorandum for 324 Cleveland Street in Danville, Virginia. Comprised of 24 units, all one-bedroom and one-bathroom units.
304 Roberts Street:
The Uzun Group of Marcus and Millichap is pleased to present the offering memorandum 304 Roberts Street in Danville, Virginia. Comprised of 8 units, all two-bedroom and one-bathroom units.
126 Banner Street:
The Uzun Group of Marcus and Millichap is pleased to present the offering memorandum 126 Banner Street in Danville, Virginia. Comprised of 12 units, all two-bedroom and one-bathroom units.
The Uzun Group of Marcus and Millichap is pleased to present the offering memorandum for 324 Cleveland Street in Danville, Virginia. Comprised of 24 units, all one-bedroom and one-bathroom units.
304 Roberts Street:
The Uzun Group of Marcus and Millichap is pleased to present the offering memorandum 304 Roberts Street in Danville, Virginia. Comprised of 8 units, all two-bedroom and one-bathroom units.
126 Banner Street:
The Uzun Group of Marcus and Millichap is pleased to present the offering memorandum 126 Banner Street in Danville, Virginia. Comprised of 12 units, all two-bedroom and one-bathroom units.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Price | $2,550,000 |
| Price / SF | $74.32 / SF |
| Cap Rate | 8.35% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 34,309 SF |
| Total Land Area | 2.79 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 324 Cleveland St, Danville, VA 24541 | Multifamily | 18,000 SF | 1968 | - |
| 126 Banner St, Danville, VA 24541 | Multifamily | 9,912 SF | 1970 | - |
| 304 Roberts St, Danville, VA 24541 | Multifamily | 6,397 SF | 1968 | - |
