405 Roanoke Street , Christiansburg, VA 24073(Montgomery County)

The units themselves are spacious and well-maintained. Units are fenced in, with 24 hour surveillance system. There are 5 buildings of units. With 98 units and room to add more, this property offers ample opportunities to maximize rental income and grow your real estate portfolio.

Buildings sit on +/- 1.2 acres with frontage on Roanoke Street. Property has access to town water and sewer.

12 - 5x10 units at $40/month

54 - 10x10 units at $65/month

5 - 10x15 units at $70/month

16 - 10x20 units at $85/month

10 - 20x30 units at $250/month

1 - 8x10 (currently used as an office)

Updates and Improvements

2020 - All new roofs in garage bay units and paving in front of garage bay units

2021 - Fence and Gate, Camera System

2022 - New lighting in garage bay units, gutters on garage bay units, and LED lighting

Don't miss your chance to own a prime income-producing property in the heart of downtown Christiansburg, VA. Register for the online auction today and start bidding on this exceptional real estate opportunity.

Online Auction Ending Wednesday, June 21st at 4 PM

405 Roanoke St., Christiansburg, VA 24073

ONLINE BIDDING Online bidding is now active and runs through 4 PM on June 21st, 2023. SOFT CLOSE.

BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and deeds.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates snipers and encourages fair and impartial bidding from all participants.

BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyers premium = total purchase price of $110,000).

PRE AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that an offer has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for sellers acceptance. A Buyers Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

TERMS AND CONDITIONS

10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $20,000 required on day of sale (June 21st, 2023). Close on or before August 4th, 2023. Subject to seller confirmation. Property sold as is, where is, with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on June 21st, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.