Courtesy of RE/MAX 8 - Blacksburg, Brian McHone

105 TEE Street, Blacksburg, Virginia, 24060

Sewer: Public Sewer
Parking Features: Off Street
Architectural Style: Townhouse
Zoning Description: Residential 5
Cooling on Property:

$1,695,000

6,048 Sqft

0.36 Acres

#428793

Turnkey six-unit multifamily investment in Blacksburg generating $113,340 in current gross annual rent. The property features five spacious 3-bedroom townhome-style units and one 1-bedroom apartment, offering an attractive mix for the Blacksburg rental market. A comprehensive 2025 renovation included new kitchen cabinetry, granite countertops, stainless steel appliances, updated showers and vanities, oversized bathroom mirrors, LED lighting, laminate flooring, five-panel interior doors, updated hardware and fixtures, fresh paint, and more. Unit F was completely renovated in 2022. With established rental income, updated interiors, and additional upside as rents move toward current market levels, this is a rare opportunity to acquire a stabilized, income-producing asset with strong fundamentals and no near-term capital needs. Great location for VT students and close to the BT bus line. These opportunities normally trade off-market, so these are scarce.