2754 Maple Ave Buena Vista, VA 24416

Property Details for 2754 Maple Ave

Year built

2007

Lot size

1.67 lot acres

Property size

23,740 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

This exceptional investment opportunity presents a 20-unit townhome complex ideally situated at 2754 Maple Avenue in Buena Vista, Virginia, 24416. The property, classified as a Class B multifamily building, boasts a total of 23,740 square feet across two stories and sits on a 1.67-acre lot. Built in 2007, this well-maintained complex comprises twenty two-story townhouses, each featuring two bedrooms, one and a half bathrooms, and approximately 1,000 square feet of living space. Each unit is fully furnished, including appliances, washer/dryer, and furniture such as beds, dressers, couches, and dining sets. The complex is strategically located near Southern Virginia University (SVU) and is considered "on-campus" housing approved by the university, ensuring consistent occupancy. The buildings are constructed with durable Hardie Plank cement board siding, composition shingle roofs, steel framing, and concrete slabs. Recent improvements include updated HVAC systems, water heaters, and appliances. The property also includes an asphalt-paved private parking lot, concrete sidewalks, and security lighting. An additional one-acre adjacent lot is available for purchase at $150,000. The property is zoned R3 and offers a compelling investment opportunity with a total asking price of $2,850,000, representing $142,500 per unit and $120.05 per square foot. The complex accommodates 40 beds in total.