105 TEE Street
Property Description
Turnkey six-unit multifamily investment in Blacksburg generating $113,340 in current gross annual rent. The property features five spacious 3-bedroom townhome-style units and one 1-bedroom apartment, offering an attractive mix for the Blacksburg rental market. A comprehensive 2025 renovation included new kitchen cabinetry, granite countertops, stainless steel appliances, updated showers and vanities, oversized bathroom mirrors, LED lighting, laminate flooring, five-panel interior doors, updated hardware and fixtures, fresh paint, and more. Unit F was completely renovated in 2022. With established rental income, updated interiors, and additional upside as rents move toward current market levels, this is a rare opportunity to acquire a stabilized, income-producing asset with strong fundamentals and no near-term capital needs. Great location for VT students and close to the BT bus line. These opportunities normally trade off-market, so these are scarce.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,695,000 |
| No. of Units: | 6 |
| Lot Size: | 6,048.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $282,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NRVMLSVA-428793
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3100 S MANCHESTER ST #1132
FALLS CHURCH, Virginia
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout