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Multi-Family Portfolio | 26 Units

$ 925,000

Property Details: 

Listing Price: $925,000


Year Built: 1968


Property Type: Multi-Family 


Building Size: 15,538 +/- SqFt 


Lot Size: 1.47 Acres 

Property Description: 

A 26-unit residential income-producing portfolio, previously used as student housing, is within walking distance of Ferrum College. This opportunity is attractively priced and includes four buildings with a total of 26 units for multiple tenants. The buildings are situated across State Route 40 from Ferrum College, featuring individual electric meters for each unit alongside a communal house meter per building. Additionally, the property is connected to public water and sewer systems.

East Village #1: 55 Woodcott Road, Ferrum, VA

  • 6 units | Single level Building
  • 6- 1BD 1BA units
  • Forced Air | Heat pumps

East Village #2: 55 Woodcott Road, Ferrum, VA

  • 7 units | Three Story Building | Laundry room 
  • 4- 2BD 1.5 BA upper and lower units 
  • 3- 1BD 1BA units
  • 5,913 sqft 
  • Baseboard Heat | Window A/C

West Village #1: 215 Nolens Hill Road, Ferrum, VA

  • 6 units | Two Story Building
  • 4,000 sqft
  • 4- 1BR 1BA units
  • 2- 2BR 1BA units
  • Baseboard Heat | Window A/C

West Village #2: 205 Nolens Hill Road, Ferrum, VA

  • 7 units | Three Story Building 
  • 5,625 sqft
  • 3-1BD 1BA units
  • 4- 2BD 1BA units
  • Each 2BD unit has a back porch a/o stoop
  • Baseboard Heat | Window A/C

Property Location: 

Take US-220-BR S towards Rocky Mount/Industrial Park for 0.34 mi. Continue on N Main St (US-220-BR) for 1.73 mi. Turn right onto Franklin St (VA-40) and drive for 9.60 mi. Next, turn left onto Fieldcrest Rd and travel 0.16 mi. Then, turn right towards Fieldcrest Rd and drive 141 ft. Finally, turn left onto Nolens Hill Rd and go 0.23 mi to reach your destination on the left.

 

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