265 Hallock Place
- Spacious Townhome Product in a Strong Market — 38-unit community consisting entirely of large 2BR/1.5BA townhomes averaging approximately 975–1,000 SF in the desirable Abingdon, VA market.
- Strong In-Place Income with Rent Growth Potential — Stable cash flow today with the opportunity to increase rents over time and further enhance investment returns.
- Excellent Location with Diverse Employment Drivers — Convenient access to Interstate 81, downtown Abingdon, healthcare systems, manufacturing employers, and the broader Tri-Cities region.
- Attractive Workforce Housing Investment — Well-positioned asset offering durable tenant demand, strong occupancy fundamentals, and a product type that would be difficult to replicate at today’s construction costs.
Property Description
SVN | Wood Properties is proud to present Hallock Drive Townhomes, a 38-unit townhouse community located in the highly desirable Abingdon, Virginia market. Built in 2003, the property consists entirely of spacious two-bedroom, one and-a-half-bathroom townhomes averaging approximately 975–1,000 square feet. Hallock Drive offers investors the opportunity to acquire a well-maintained, stabilized asset with strong in-place cash flow and continued upside through rent growth. With its attractive townhome layout, convenient access to Interstate 81, and proximity to major employment centers throughout the Tri-Cities region, the property is well-positioned to benefit from the area's strong rental demand and long-term economic growth.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,500,000 |
| No. of Units: | 38 |
| Year Built: | 2003 |
| Lot Size: | 2.64 Acres |
| Opportunity Zone: | No |
| Price per unit: | $92,105 |
| Property Website | Click Here |
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