3011 SHIRE CIRCLE
CHRISTIANSBURG, VA 24073

Incredible opportunity to own a proven, consistent multi-family property in Christiansburg, VA! Twenty-five total units across four buildings, with potential for the addition of twelve more units - unit mix included in Additional Documents. Ability to modify current mix to include up to twelve more bedrooms, as well. Complex has been a high-performing STR property, with 100% occupancy and gross rents just shy of $25,000/mo, and NOI of $12,000/mo. Original building on site was previously a pizza restaurant, and could be converted again by right via the existing Special Use Permit as a value-add for both guests of the complex, as well as the broader community. Further improving cash flow, a twenty-sixth unit has been used for storage only, but could be converted to income-producing. Tenant mix has historically come from corporate relocation business, traveling medical professionals, and construction. Centrally located between Blacksburg, Christiansburg, and Radford.

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