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3011 Shire CircleChristiansburg, VA 24073Price: $3,200,000

  • Price: $3,200,000
  • Est. Mortgage of $/month
  • 83 Days on Market
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Federal 30-year interest rate: 6.35% last updated on Sep 5, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,200,000List Price
  • 2.63Acreage
  • 35,160Square Feet

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Listed by Jeremy Hart of Nest Realty SWVA
Incredible opportunity to own a proven, consistent multi-family property in Christiansburg, VA! Twenty-five total units across four buildings, with potential for the addition of twelve more units - unit mix included in Additional Documents. Ability to modify current mix to include up to twelve more bedrooms, as well. Complex has been a high-performing STR property, with 100% occupancy and gross rents just shy of $25,000/mo, and NOI of $12,000/mo. Original building on site was previously a pizza restaurant, and could be converted again by right via the existing Special Use Permit as a value-add for both guests of the complex, as well as the broader community. Further improving cash flow, a twenty-sixth unit has been used for storage only, but could be converted to income-producing. Tenant mix has historically come from corporate relocation business, traveling medical professionals, and construction. Centrally located between Blacksburg, Christiansburg, and Radford.

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 "Based on information submitted to New River Valley Association of REALTORS as of September 10, 2024 10:43 AM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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