The house has aluminum siding, the apartments are cinderblock, and all buildings have a metal roof. There is also a 19 x 30 workshop/garage that is rented with unit 2067.There is one well that services the house and apartment buildings, and the additional well are up in the 5 acre vacant land that is currently not being used. County water is also installed on the property and ready to be hooked up to the buildings. Wythe Co. does charge a monthly non-user fee of $20.79 for each building (x3) until county water is installed to apartments and house.
Investment Property for Sale!! Current NET cap rate is at 7% for a stable source of income with low operating expenses. Most tenants have rented 10+ years. Property is <4 miles to I-77 or <10 miles to I-81 and <4.5 to New River Trail State Park and Foster Falls State Park. Fully rented income producing properties come with 2 apartment buildings (2065, 2067, 2073, 2073A, and 2073B) as well as a detached house (2075), behind it all there's over 5 acres of cleared, vacant land ready to build on, with an additional wells. There are 3- 1BD/1BA apartments, and 2- 3BD/1BA, there is also a beauty salon on the bottom level of one of the apartment buildings. There's an additional unused space that could be turned into an additional unit, storage, or business front for additional income.Owners have done several upgrades.Two units fully remodeled.Some of the units also have new heating units, appliances, and upgraded PEX plumbing. House parcel has 1 acre and apartment parcel is of 5 acres.
Sara Shupe (#:203)
Weichert Realtors-Short Way Real Estate (#:252)