105 Lee Street, Blacksburg, VA 24060

$4,995,000
3
BD
3
BA
1,900
SqFt
List Price
$4,995,000
Days on Market
7
Status
ACTIVE
MLS#
VAMV100046
Bedrooms
3
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
1,900
Style
Contemporary
Year Built
2021
County
Montgomery
School District
Montgomery County Public Schools

Property Description

Over the course of four years, Kelsey Row was carefully designed and created with input from the Blacksburg Historic or Design Review Board (HDRB). The design and finishes have been carefully selected to retain historical relevance, while modernizing and improving the property to become an integral part of the downtown atmosphere. These three bedroom, two and a half bath units won't be available for long. Purchase early and you could select your own options. Parking is at a premium downtown, especially during game days and other big campus events. Save yourself the time and headache of dealing with parking. Every unit in Kelsey Row has an attached two car garage; and don't forget about the bus stop next door in front of the Cabo Fish Taco. With the convenient location and easy access to transit, you can park your car and forget about it until you have to leave Blacksburg. Pre-sales beginning now! With only seven units to choose from, Kelsey Row will be sold out before you know it. Rarely offered Investment opportunity in downtown Blacksburg, VA. Located only 2 blocks from the Virginia Tech campus, this property could proforma at 5.35% CAP rate! Don't miss the optional adjacent parcel at 201 S Main, also available for sale at $1.3M: this historic property could provide a great location for a restaurant. This unique property has the potential to capture the demand from campus, the Main Street Inn next door, and the town house residences. The restaurant could drive an estimated cap rate of 6.65%. Take advantage of tax incentives as this entire property is also located within the Opportunity Zone. Sellers are licensed RE agents in Virginia.

Additional Information

Subdivision
None Available
Taxes
$6500
HOA Fee
$60
HOA Frequency
Monthly
School District
Montgomery County Public Schools
Elementary School
Harding Avenue
Middle School
Blacksburg
High School
Blacksburg
Garage
Yes
Garage Spaces
2
Heating
Central, Forced Air
Heating Fuel
Electric, Central
Cooling
Central A/C
Water
Public
Sewer
Public Septic
Room Level
Bedroom 1: Upper 1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Long & Foster Real Estate, Inc..

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