Multi-Family For Sale | 46 - 54 Main Street

9 Unit Apartment Building | $599,000 ($66,556/Unit) | 7.80% Cap Rate | Stanardsville, VA 22973

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $599,000

Property Type
Multifamily
Square Feet
6,213 SF

Listing Contacts

Leigh Hughes
Leigh Hughes
Verified Profile
Rob Stockhausen
Rob Stockhausen
Verified Profile
  • Property Info

Property Overview

Unique 4 building Multi-Family property located in the 230 acre town of Stanardsville.
46-54 Main St consists of 9 rental units (8 apartments, one office) spread over 4 contiguous buildings on one parcel of land. Located next to Greene Commons, the home of the Stanardsville Farmers Market and Pavilion/Stage, and William Monroe High School, these buildings are nestled in an area with historic charm, wonderful views and setting, and conveniently located to nearby amenities.
Stanardsville was established in 1794, and is apart of Greene County, which is known as the ‘Gateway to the Blue Ridge’. The town of Stanardsville was designated a Historic District in 2004, and is listed on both the federal and state registries of historic places.
- 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.
- Tenants responsible for cooling units (no central air conditioning)
- On-site parking available
- Many long-time tenants in place
- Rent roll, leases and additional information available upon request
- Showings available during week with 48 hours notice
- For Sale: $599,000

Property Details

Class
C
Year Built
1950
Stories
2
Lot Size (sq. ft)
10,019 SF
Units
9

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

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