REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,675,000
Est. payment | /mo
8,742 SqFt
$ 1,675,000
Est. payment | /mo
8,742 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,742 sqft
Price per Sqft $191
MLS Listing ID 2523295
HOA Y/N No
Year Built 1963
Lot Size 0.330 Acres
Acres 0.33
Property Description
Additional Photos To Come!
10-Unit Multi-Family Investment in Charming Downtown West Point
Rare opportunity to acquire a well-maintained 10-unit apartment building in the heart of downtown West Point. Ideally located in a charming and walkable community near shops, dining, and the riverfront, this property benefits from exceptional rental demand due to the limited supply of apartment housing in the area.
Most units have been recently renovated, each offering 2 bedrooms and 1 full bath with spacious layouts that appeal to long-term tenants. All units are individually metered for electricity, with one master water meter for easy management. Major capital improvements include a new roof, reducing future maintenance expenses.
This property presents a true value-add opportunity, as current rents are under market and can be increased with minimal updates to capture the area's strong rental demand. With stable occupancy and significant upside potential, this building is an excellent addition to any investment portfolio.
10-Unit Multi-Family Investment in Charming Downtown West Point
Rare opportunity to acquire a well-maintained 10-unit apartment building in the heart of downtown West Point. Ideally located in a charming and walkable community near shops, dining, and the riverfront, this property benefits from exceptional rental demand due to the limited supply of apartment housing in the area.
Most units have been recently renovated, each offering 2 bedrooms and 1 full bath with spacious layouts that appeal to long-term tenants. All units are individually metered for electricity, with one master water meter for easy management. Major capital improvements include a new roof, reducing future maintenance expenses.
This property presents a true value-add opportunity, as current rents are under market and can be increased with minimal updates to capture the area's strong rental demand. With stable occupancy and significant upside potential, this building is an excellent addition to any investment portfolio.
Location
State VA
County King William
Area 43 - King William
Interior
Heating Heat Pump
Exterior
Roof Type Shingle
Building
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Others
Tax ID 69-A1-14-154
Ownership Investment
Listed by EXP Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "