MichaelKane
MLS#2601231
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
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.
Property Features
Property Type: Commercial - Business
Heating: Heat Pump
Home Style: Garden Home
Lot Size: 0.33 Acres
Roof Type: Shingle
Stories: 2.0
Year Built: 1963
Feature Descriptions
Building Features: Multi-Tenant, No Elevators
Days on Site: 93
Exterior: Brick
Lot: Level
Parcel#: 69-A1-14-154
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: EXP Realty LLC
Shown By
Agent Name: Michael Kane
Agent Phone: (804) 551-1920
Agency Title: Kane Company Realty
Licensed Real Estate Firm and Agents in the Commonwealth of Virginia.
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319 Main Street | MLS# 2601231
This commercial property located at 319 Main Street, West Point, VA 23181 is currently listed for sale with an asking price of $1,450,000. Search West Point real estate on michaelkane.kanecompanyrealty.com today.