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217 W 28th St
Buena Vista, VA 24416
Asking Price
$400K
Cap Rate
7.35%
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
217 W 28th St, Buena Vista, VA 24416 <ul><li>Turnkey, income-producing property with strong rental appeal</li><li>Fully renovated in 2020 - all new insulation, electrical, plumbing, and roof</li><li>Current rents: $650, $700, $750, and $850 ($2,950/month total)</li><li>Owner pays internet, water/trash/sewer, insurance, and electric</li><li>Tenants handle lawn care and snow removal</li><li>Located directly across from Southern Virginia University</li><li>Fully furnished - rental ready from day one</li><li>Average monthly exp
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NOI
$80,000
Cap Rate
20.01%
DSCR
3.37
Strong
Cash-on-Cash
46.89%
Monthly Payment
$1,978.487
Annual Cash Flow
$56,258.156
