611 Reid Street

~~Price Reduced
Pro Forma Cap 11.55%


Class C, 10-unit, 2-story, Garden style, all brick, value add apartment complex for sale in Danville, Virginia. Partial renovations done in 2017 to six of the units include new laminate wood flooring in living area, bedrooms and hallways; new vinyl flooring in kitchens and bathrooms; all new kitchen and bathroom cabinets with new Formica kitchen counter tops. All 10 units have new refrigerators and seven new range/oven combinations. Electrical upgrades, replacement windows, new PEX plumbing and new exterior doors to hallways leading to multiple unit spaces throughout the building. The parking area has new asphalt covering and striping. With all of this done, there is still additional work to do and the opportunity to increase rents.


Property Details
Property Type Multifamily: Conventional
Zoning R-30
Address 611 Reid Street
Danville, VA 24541
For Sale/Lease Sale
Total Sales Price $299,000.00
Total SF Available 10,140
Total # Units 10
Property Documents Brochure

Property Broker

Rick Baker

Contact: rbaker@bipinc.com

Phone: 336.544.8013

Property Map