Description

Apartment Building for Sale in Radford VA!

You have the opportunity to purchase a great income producing property in Radford VA. This property showcases a 6 unit apartment complex on .413 acres. The building has 3 levels with 2 units on each level. Each level has 2,175 sq. ft. and each unit has 1.031 sq. ft. (not including stairs). Each unit has 3 bedrooms, 1 bath, living room, dining room and kitchen. The units have the same layout with carpet and linoleum flooring, private decks in rear, and washer/dryer hookups in the kitchen. The building is brick with a shingle room and heat pumps. There is ample parking and 2 trash bins. Property has good rental history and is in the City of Radford close to Radford University, Fairlawn, the New River, Bisset Park and Radford Schools. The tenants pay utilities and units have their own electric meters. The building is on public water and sewer. You can find rental financial information in the Bidder Pack.

608 Pendleton St., Radford VA 24141
Online Only Auction Ending Thursday June 2^nd @ 4 PM

Click Here for Interactive Map
Click Here for Property Video
Click Here for Bidder Pack

Preview Dates – Saturday May 21^st at 10 AM and Friday May 27^th at 4 PM

Zoning – Property is zoned R-4, Multi – Family Residential Zoning District

Online Bidding – Online bidding is now active and runs through 4 PM on June 2^nd 2022. SOFT CLOSE.

Directions – From Radford VA, West Main Street, take left on Pendleton at New River Valley Rent All, property on right between 5th and 7th Street at 608 Pendleton Street.

Contact – Broker & Auctioneer Matt Gallimore at 540-239-2585 or email gallimore.matt@gmail.com

GENERAL TERMS & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (June 2^nd 2022). Close on or before July 15^th2022. Subject to seller confirmation.  Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on June 2^nd 2022. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.

Pre-Auction Sales: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform.  Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.  A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.