Connectez-vous/S’inscrire
Votre e-mail a été envoyé.
Icon Studio Apartments 15589 Lee Hwy Immeuble residentiel 61 lots 3 788 664 € (62 109 €/Lot) Taux de capitalisation 6,23 % Bristol, VA 24202
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Recently renovated 61-unit workforce housing asset with upside through operational improvements and stabilization.
- All 60 units were fully renovated in 2024.
- Opportunity for new ownership to bill back $20-25 for water and electricity.
- Current ownership has spent $1,252,812 on capital improvements in the past 36 months.
- HVACs consist of Electric PTAC units (All Replaced in 2024).
Résumé analytique
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/306976/icon-studio-apartments
Marcus & Millichap has been selected to exclusively market for sale the Icon Studio Apartments in Bristol, VA. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a growing regional economic hub.
This offering provides investors the opportunity to acquire a well-located multifamily asset with meaningful upside through improved operations and stabilization. The property is currently operating below market potential, creating an opportunity to increase cash flow through more efficient expense management and stronger day-to-day operations. Its studio-focused unit mix serves a segment of the rental market that continues to see steady demand, while limited competing supply supports long-term occupancy fundamentals. With a basis well below recent valuation benchmarks and upside that can be realized without a major renovation program, the property presents a straightforward value-add opportunity in the Bristol market.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Icon Studio Apartments.
Marcus & Millichap has been selected to exclusively market for sale the Icon Studio Apartments in Bristol, VA. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a growing regional economic hub.
This offering provides investors the opportunity to acquire a well-located multifamily asset with meaningful upside through improved operations and stabilization. The property is currently operating below market potential, creating an opportunity to increase cash flow through more efficient expense management and stronger day-to-day operations. Its studio-focused unit mix serves a segment of the rental market that continues to see steady demand, while limited competing supply supports long-term occupancy fundamentals. With a basis well below recent valuation benchmarks and upside that can be realized without a major renovation program, the property presents a straightforward value-add opportunity in the Bristol market.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Icon Studio Apartments.
Informations sur l’immeuble
| Prix | 3 788 664 € | Style d’appartement | De faible hauteur |
| Prix par lot | 62 109 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 1,18 ha |
| Taux de capitalisation | 6,23 % | Surface de l’immeuble | 11 397 m² |
| Nb de lots | 61 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1962/2021 |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Zonage | B2 BUSINES | ||
| Prix | 3 788 664 € |
| Prix par lot | 62 109 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,23 % |
| Nb de lots | 61 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 1,18 ha |
| Surface de l’immeuble | 11 397 m² |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1962/2021 |
| Zone de développement économique [USA] |
Oui |
| Zonage | B2 BUSINES |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Lave-vaisselle
- Micro-ondes
- Espace d’entreposage
- Machine à laver/sèche-linge
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Baignoire/Douche
- Congélateur
Caractéristiques du site
- Accès 24 h/24
- Property Manager sur place
- CVC contrôlé par l’occupant
- Sentiers pédestres et cyclables
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| Studios | 60 | - | 46 |
1 1
Plutôt praticable à pied
20/100
Exceptionnellement adapté aux voitures
100/100
Assez praticable en vélo
30/100
Taxes foncières
| Numéro de parcelle | 143A4-A-7 | Évaluation des aménagements | 621 083 € |
| Évaluation du terrain | 242 475 € | Évaluation totale | 863 557 € |
Taxes foncières
Numéro de parcelle
143A4-A-7
Évaluation du terrain
242 475 €
Évaluation des aménagements
621 083 €
Évaluation totale
863 557 €
1 sur 24
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Icon Studio Apartments | 15589 Lee Hwy
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.