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14005 Steeplestone Drive
Midlothian, VA 23113
Asking Price
$1.00M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 2.07 acres <ul><li>Residential Infill Opportunity in Salisbury Neighborhood</li><li>Four to five four-unit single-floor condominiums are proposed</li><li>Zoning case is ready to go and likely for staff to recommend approval</li><li>New townhomes nearby selling for $800,000</li><li>Utilities on-site</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
