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3011 Shire Circle, Christiansburg, VA 24073

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For Sale

$3,200,000

2.63 acres

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 2.6 acres
    Lot size

Explore this Property

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.
MLS# 421409

Courtesy Of Nest Realty Group, LLC

(540) 443-6100

Property Features

  • Architecture Style
    Other
  • Cooling System
    Heat Pumps
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Vinyl
  • Heating System
    Heat Pump
  • Lot Size
    2.63 Acres
  • Roof Type
    Composition Shingle

Home seller CENTURY 21 Valley Real Estate

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CENTURY 21 Valley Real Estate

(540) 674-1800
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