8 Unit Apartment Building

Multi-Family for Sale
Catylist Listing ID: 30730428
Number of Units: 8 Units
Building Size (RSF): 7,376 SF
Gross Building Area: See Agent
Sale Price: $395,000
Unit Price: $49,375 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/9/2021

Overview / Comments

8 unit apartment building in Marion VA. Part of a large apartment complex. There is a large presence of Emory and Henry students in Marion. Part of the building has had a fire, so there is some upside if that part is restored.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Smyth
Tax ID/APN: 169-51-3
Property Condition: Average
Number of Stories: 2
Year Built: 1971
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Other
Lot Frontage: 148 feet
Lot Depth: 197 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,399 9,332 13,041
Median Age: 38.59 42.68 43.1
Households: 1,550 4,016 5,418


Photograph of Listing Agent

Timothy Carter

Evans & Evans Real Estate
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