Meadow Knoll Apartments | 16043 Richmond rd
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Meadow Knoll Apartments 16043 Richmond rd
5 Unit Apartment Building $475,000 ($95,000/Unit) 6.94% Cap Rate Callao, VA 22435
EXECUTIVE SUMMARY
Fully Leased: All 5 Units (Three 2-Bedrorom Units and Three 1-Bedroom Units) currently occupied by stable tenants.
String Cash Flow: Proven rental income history with significant potential for appreciation.
Prime Location: Enjoy the tranquility and charm of the Northern Neck while benefiting from a desirable rental market.
Turnkey Investment: Minimal management required with existing tenant base and established property management options available.
Excellent Condition: Well-maintained building with solid structural integrity.
Limited Competition: Strong demand for rental properties in the area with limited supply.
Ideal for 1031 Exchange: A perfect opportunity for investors seeking to capitalize on tax advantages.
String Cash Flow: Proven rental income history with significant potential for appreciation.
Prime Location: Enjoy the tranquility and charm of the Northern Neck while benefiting from a desirable rental market.
Turnkey Investment: Minimal management required with existing tenant base and established property management options available.
Excellent Condition: Well-maintained building with solid structural integrity.
Limited Competition: Strong demand for rental properties in the area with limited supply.
Ideal for 1031 Exchange: A perfect opportunity for investors seeking to capitalize on tax advantages.
PROPERTY FACTS
| Price | $475,000 | Apartment Style | Low Rise |
| Price Per Unit | $95,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| Cap Rate | 6.94% | Building Size | 4,680 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1996 |
| Price | $475,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 4,680 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1996 |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 14-0-7-0-1-0 | Improvements Assessment | $119,600 |
| Land Assessment | $20,000 | Total Assessment | $139,600 |
PROPERTY TAXES
Parcel Number
14-0-7-0-1-0
Land Assessment
$20,000
Improvements Assessment
$119,600
Total Assessment
$139,600
ZONING
| Zoning Code | A-1 |
| A-1 |
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Meadow Knoll Apartments | 16043 Richmond rd
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