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Contact Information
Sara Shupe
(C) (276) 237-9920
Weichert Realtors-Short Way Real Estate
(M) (276) 223-4018
1205 E. Main Street
Wytheville VA 24382
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Listing Details
MLS Number: 82319
List Price: $441,914
Property Type: Multi-Family Other
County: Wythe
Area: Max Meadows
Street #: 2065-75
Address: Castleton Road
City: Max Meadows
State: VA
Zip Code: 24360
Apx Total Acreage: 6
Total Finished SqFt: 6474
Total Unfinished SqFt: 0
Other SqFt: 0
Property Status: A
Listing Agent: Sara Shupe (#:203)
Listing Office: Weichert Realtors-Short Way Real Estate (#:252)
Addendum: 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.
Public Remarks: 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.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2016 Southwest Virginia Association of REALTORS. All rights reserved.

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