217 W 28th St

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217 W 28th St

Buena Vista, VA 24416
Asking Price
$400K
Asset Type
Multifamily
Class
Class B

What's Special

Situated at 217 West 28th Street in Buena Vista, Virginia, this multifamily property is located in a mixed-use residential neighborhood near the foot of the Blue Ridge Mountains. The site offers convenient proximity to local amenities along Magnolia Avenue, including neighborhood retailers, dining options, and public parks. Transportation access is provided via U.S. Route 60 and U.S. Route 501, connecting the property to the nearby city of Lexington and regional employment centers. The property is positioned for long-term residential use, serving a tenant profile that typically includes local workforce members, healthcare professionals, or individuals affiliated with nearby Southern Virginia University. The layout and location are suitable for those seeking a quiet small-town environment with direct access to outdoor recreation and regional arterial roads. This asset offers a standardized housing solution within a stable, established community.

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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

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