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46 Main St
Stanardsville, VA 22973

$599,000 USD

Apartments For Sale  •  6,213 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,213 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1950
  • Cap Rate 7.80 %
  • Zoning TRC
0 Transit Score
43 Walk Score

Highlights

9 rental units (8 apartments, one office) spread over 4 contiguous buildings on one parcel of land
Four 2 Br/1 Ba units, three 1 Br/1Ba units, and one efficiency unit. First floor office/retail space fronts Main St.
On-site parking available
Many long-time tenants in place

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $46,712 USD (2024)
Cap Rate: 7.80 %
Total Expenses: $25,888 USD

Amenities

  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

AirportDriveWalkDistance
Charlottesville-Albemarle 25 min - 15.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Leigh Hughes 434-882-1155 Colliers | Virginia
Leigh Hughes 434-882-1155 Colliers | Virginia