1009 SETH DR Staunton, VA 24401

The 57-unit brick and vinyl multifamily investment built in 2009 is currently near 100% occupancy and produces a cap rate of 5% on net operating income of $454,905. Units are all same size, 1080SF, there are 38 townhouse style- two bedroom units, and 19 garden style apartments- two bedrooms with an office. Rates in the market and within the complex have steadily appreciated while maintaining low vacancy rates as a result of a stringent maintenance program, access to employment, and limited availability of market rate apartments in this quadrant of the City. Off-street parking is maintained for the benefit of the tenants. Tenant’s include young professional to retirees; units were well designed, to include over 30% being single level units allowing the tenant the ability to age in place.