7576 Old Peppers Ferry Loop

• Fairlawn Apartments present a valuable investment opportunity, boasting stable, high occupancy with potential for increased revenue through gradual rent adjustments. Currently, half of the tenants benefit from vouchers or participate in the Section 8 program. The property has seen significant updates, including the replacement of appliances (stoves, refrigerators, and new AC window units) in most units, and the installation of new, high-traffic, water-resistant flooring in all lower units. Heating is provided by baseboard electric heat, and cooling by new window A/C units, with electric service individually metered and paid by tenants. The owner covers trash, water, and sewer expenses. Additionally, a new sump pump has been installed in the back lot to improve drainage. The property offers ample parking, both on-site and on the street, and is strategically located along a commercial arterial in Fairlawn, Virginia, surrounded by national retail and restaurants. Radford University is conveniently situated less than 3.5 miles away.

Property Description

ONE Street Commercial Properties presents the following: The property is located along a commercial arterial and is surrounded by national retail and restaurants in Fairlawn, Virginia. Radford University is less than 3.5 miles from the subject property Investors will appreciate the opportunity to acquire a stable, high occupancy property with upside available through gradual increases in rents. 50% of the current tenants have a voucher or are in Section 8 program. Appliances have been replaced for most units (stoves, refrigerators and new AC window units) Replaced flooring with brand new high transit (Traffic MASTER & Water resistant ) in all lower units. The property operates with baseboard electric heat and new window A/C units for all the units. Electric service is separated and paid by the tenants. Owner pays trash and water & sewer. Owners Installed a new sump pump in back lot to pump water up into drainage system. Plenty of Parking, in front of the property and street parking.