2474 Magnolia Ave, Buena Vista, VA 24416
MLS #137148

Great Investment at foot of SVU! 40 unit apartment complex. Built in 2006. Includes two apartment buildings. 7-2 bedroom units, 6-Studio units, 2 extra large 1 Bedroom units, 25-1 bedroom units. Each have one bath, kitchen, each with P tac heating and cooling units. Good Parking space. Possible Assumable Loan with cash out for difference. Views of SVU from units. There is a coin Laundry and vending machine area which take in about $500 each a month. Rental income $21,000 to $22,000 a month. It has commercial fire alarm system, sprinkler system, and a new video camera surveillance system, and complimentary wi-fi throughout

9 Photo

9 Photo

137148 - Multi Units 40 Units

2 Bedrooms, 1 Bathrooms, 4 Rooms
 1211     
Call for details price
2474 Magnolia Ave, Buena Vista, VA 24416 MLS #137148 Great Investment at foot of SVU! 40 unit apartment complex. Built in 2006. Includes two apartment buildings. 7-2 bedroom units, 6-Studio units, 2 extra large 1 Bedroom units, 25-1 bedroom units. Each have one bath, kitchen, each with P tac heating and cooling units. Good Parking space. Possible Assumable Loan with cash out for difference. Views of SVU from units. There is a coin Laundry and vending machine area which take in about $500 each a month. Rental income $21,000 to $22,000 a month. It has commercial fire alarm system, sprinkler system, and a new video camera surveillance system, and complimentary wi-fi throughout.

 

2474 Magnolia Ave, Buena Vista, VA 24416
MLS #137148

Great Investment at foot of SVU! 40 unit apartment complex. Built in 2006. Includes two apartment buildings. 7-2 bedroom units, 6-Studio units, 2 extra large 1 Bedroom units, 25-1 bedroom units. Each have one bath, kitchen, each with P tac heating and cooling units. Good Parking space. Possible Assumable Loan with cash out for difference. Views of SVU from units. There is a coin Laundry and vending machine area which take in about $500 each a month. Rental income $21,000 to $22,000 a month. It has commercial fire alarm system, sprinkler system, and a new video camera surveillance system, and complimentary wi-fi throughout.

 

 Contract Information
       
    List Price 3,350,000
Gross Rent/Mo 22,000 SAC  
SAC Type   BBC  
BBC Type   VRC No 
Excl Right to Sell Yes  Original List Price 3,350,000
 Location, Legal & Taxes
Area Buena Vista  County Rockbridge 
Property Name University Village Zone SE 
Plat Y/N No  Legal 5-38-n 1/2 of lot 13 14-21. Inst.#060001169.
POA Y/N No  Road Maint Agrmnt No 
Deed Book Inst.#060001169 Tax Map # 27-1-5-38-13A
Tax Year 2022 Tax Rate 1/21
Taxes $ 13,884.50 Subdivision Y/N No 
Location Corner Lot  Historic Property No 
Conservation Esmnt No  Zoning Other (Use Remarks) 
Elementary School Kling/Enderly Hghts  Middle School Parry McCluer 
High School Parry McCluer  Owner Full Name Wadsworth Tammy Kenner
 General Property Description
Property Type Multi-Family Type of Property Multi-Family 
Realtor.com Multi-Family  #Bedrooms 42
#Baths 40 Total # Units 40
Apx Ttl SF Fnshd 19,968 Apx Ttl Unfnshd SF 0
Year Built 2007 Lot Dimensions 425 X 125
Total Acres Apx 1.19 Rental Type Monthly 
Style Other (Use Remarks)  Recording device in property Unknown 
 Remarks & Misc
Private Remarks This was an apartment over commercial in front apartment building, but the Commercial is now rental units as well. there are two apartment houses. 40 Units, All information deemed of importance to be confirmed by Purchaser or Purchasers agent, Owner pays water and sewer, but tenants pay a monthly fee for those.
Directions From Magnolia Ave. Follow to 2474 Magnolia Ave. See sign for University Village at Kenner.
 Status Change Info
Status Active  Status Change Date 08/12/2022
 Office/Member Info
Listing Office Wilhelm & Company Real Estate
Mobile: 540-319-3222
Fax: 540-261-6644
Office: 540-261-1717
http://www.wilhelmandcorealestate.com
Listing Member Barbara Wilhelm
Office: 540-261-1717
Fax: 540-261-6644
Other: 540-319-3222
http://www.wilhemandcorealestate.com
 Details
Unit Information: # Unfurnished Units: 40
Stories: 2 Story
Exterior: Vinyl
Roof: Shingle
Basement: None
Parking: 1 Car/Unit; Other: Paved off and on
Floor: Carpet; Vinyl
Heat: Other: P Tac
Cooling: Other: P Tac
Water: Public Water
 
Sewer: Public Sewer
Utilities Available: Electric; Public Water
Road Surface: Paved
Storage: Other: 2 personal
Average Rental: 401 - 500; 501 - 600; 601 - 700
Owner Expenses: Insurance; Lawn Care; Management Fee; Snow Removal; Other: Wi-Fi, water & sewer
Features: Coin Laundry; Handicap Access; Paved Street; Security Lighting; Security System
Covenants: No Unlicense Vehicle
Possession: Negotiable
Showing Instructions: 24 Hour Notice; Call Listing Agent; Occupied
 Units
No. # Rooms # Bedrooms # Bath SqFt Income/Mo Unit Remarks
Unit #1 33 22 22 9984 11,000  
 Units
No. # Rooms # Bedrooms # Bath SqFt Income/Mo Unit Remarks
Unit #2 30 20 18 9984 11,000  

 

 

Information is deemed to be reliable, but is not guaranteed. © 2022 MLS and FBS. Prepared by Wilhelm & Company Real Estate on Saturday, August 13, 2022 10:27 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Base Information

Rooms: 4
Bed: 2
Bath: 1
Living Areas: See remarks for additional rooms

Parking Information

Parking: 1 per unit +

Building Information

House Style: Apartment complex 40 units
Exterior Finish: Vinyl
Roof: Shinge
Flooring: Laminate and carpet
Built on: 2006
Number of Floors: 2
Features
Category:
Type:
Beds:
2
Baths:
1
Floors:
2
Rooms:
4
Parking:
1 per unit +

Location
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