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20-Unit Apartment Property
New
For Sale
$2,700,000

6822 Village South Dr, Gloucester, VA 23061

Updated apartments are fully occupied and include on-site laundry and parking for each unit.

Property Size6,265 SF
Price / SF$430.97
Days on Market2

Property Features for 6822 Village South Dr

General Information

Standard status Active
Size 6,265 SF
Zoning MF-1
Occupancy 100%

Additional Details

Road Access Yes
Multifamily Units 20

Amenities

on-site laundry

Building Details

Year Built 1981
Listing Agency: Spencer Realty of Virginia LTD
Listed By: Debra Spencer · License #0225027107
Source: Horakrealtygroup
Added: Oct 30 Last Checked: Sep 1 at 4:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spencer Realty of Virginia LTD

Rey
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Investment Insights

Based on property information with market context.

This multifamily property comprises 20 apartments across four lots, with 6,265 square feet of building area. The apartments have been updated, and each unit has on-site parking. Tenant laundry facilities are also located on the property. The buildings date to 1981 and are zoned MF-1.

A private road serves the property. Gloucester Court House, Riverside Walter Reed Regional Hospital, shopping centers, restaurants, and essential services are approximately 1 mile away.

Key Highlights

  • 20 apartments across 4 lots
  • 6,265 square feet of building area
  • All 20 apartments are rented

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

20
Residential units
100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 23061, VA

22,256
Population
10,045
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
92%
High-School Grad
158.0 sq mi
ZIP Area
141
Density / Sq Mi
$91,547
Median Household Income
$48,392
Median Earnings
$1,199
Median Rent
$297,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Updated apartments are fully occupied and include on-site laundry and parking for each unit.
Where is this apartment building located?
The property is located at 6822 Village South Dr Gloucester, VA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 20 apartments across 4 lots; 6,265 square feet of building area; All 20 apartments are rented
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