Commercial Real Estate

Investment Opportunity - Longwood Apartment Complex

297 Crestwood Road
Collinsville, VA 24178
For more information contact Bill Manning
  Sale Price: $1,985,000

longwood-village.jpg Longwood Village Rural Housing Development Government Interest Subsidized Apartment Complex. Great return with this multi-tenant investment property. 30 Years Left on 50 Year Assumable Mortgage. Owner pays 1% interest while Department of Urban Housing pays 8% of 9% interest on loan. 40 units. 20 1 bedroom. 20 2 bedroom. Built in 1987. Currently at 98% occupancy. Can be removed from Rural Housing program.


Property Type: investment, special purpose
Property Status: available
Additional Info
PDF description sheet (suitable for print) PDF description sheet (suitable for print)
Information current as of July 1, 2008

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