500 Bishop Road

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500 Bishop Road

Blacksburg, VA 24060
Asking Price
$329K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase at 500 Bishop Road
  • Asset is currently listed for sale at a price of 329,000
  • Located within the 24060 zip code of Blacksburg, Virginia
  • The property provides potential for residential investment in a stable market
  • Coordinates for this site are registered at 37.2699, -80.4131

What's Special

Priced at 329,000, this multifamily apartment building is situated at 500 Bishop Road in Blacksburg, Virginia. The property occupies a strategic location in a region characterized by its academic influence and stable economic base. As an apartment building, the asset presents a straightforward addition to a residential investment portfolio in a market that consistently experiences demand for housing. Investors looking for a presence in this zip code will find the property positioned within a community known for its steady population growth and local university presence. Given the configuration of this multifamily asset, it is suitable for long-term rental operations or strategic repositioning efforts. The Blacksburg area offers a unique combination of suburban stability and regional connectivity, making this an asset for those tracking residential opportunities within the broader Virginia market.

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NOI
$80,000
Cap Rate
24.32%
DSCR
4.10
Strong
Cash-on-Cash
61.26%
Monthly Payment
$1,627.712
Annual Cash Flow
$60,467.45

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