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16440 Jeb Stuart Hwy

Abingdon, VA 24210
  • $339,000
  • STATUS: Active Under Contract
  • ON SITE: 179 Days
  • MLS #: 79385
Under Contract
UPDATED: 14 min ago
$339,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,785
    SQFT
  • $59
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

This multi-tenant apartment rental property is now available in Abingdon Virginia and presents an excellent investment opportunity! Property features 13 units, some studio apartments and up to 2 bedrooms - with very strong total gross income and net operating income. Multiple units recently renovated, to include new flooring and paint. Units are currently rented with month-to-month tenant occupancy. Property was formerly used as a motel with original motel building featuring 8 units plus two separate deluxe rental units. Behind the motel, there are two other structures with more rental units. Property is conveniently located with easy access to interstate, and within walking distance of Walmart/Lowes and area restaurants. Additional income with coin laundry used by tenants and other nearby properties.

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© 2022 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Southfork Realty. Data last updated: 2022-01-25T18:10:42.293.
www.southfork-realty.com/homes/119863935
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16440 Jeb Stuart Hwy Abingdon, VA 24210

  • Price: $339,000
  • Status: Active Under Contract
  • On Site: 179 Days
  • Updated: 14 min ago
  • MLS #: 79385
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,785
SQFT
$59
$/SQFT
Neighborhood:
Washington County
County:
Washington-Va
Area:
Washington County
Property Description
This multi-tenant apartment rental property is now available in Abingdon Virginia and presents an excellent investment opportunity! Property features 13 units, some studio apartments and up to 2 bedrooms - with very strong total gross income and net operating income. Multiple units recently renovated, to include new flooring and paint. Units are currently rented with month-to-month tenant occupancy. Property was formerly used as a motel with original motel building featuring 8 units plus two separate deluxe rental units. Behind the motel, there are two other structures with more rental units. Property is conveniently located with easy access to interstate, and within walking distance of Walmart/Lowes and area restaurants. Additional income with coin laundry used by tenants and other nearby properties.
Exterior Features

Building Exterior Vinyl Siding Exterior Features Parking 10+ Spaces Roof Metal Style Building Other-See Remarks

Interior Features

Air Conditioning Other-See Remarks Floors CarpetVinyl Heating System Other-See Remarks Interior Features Extra Storage

Property Features

Additional Structures 3 Buildings Total Building Age 1959 County Taxes 1554.00 Current Use Other Equipment Leased N/A Gross Income 53700.00 Lot Number Pt 30 Net Income 30950.00 Property Description Located in County Property Type Business Only Sewer Public Sewer Sprinkler System Other-See Remarks Tax Map Number 106 7 30A2 Tax Year 2021 Town Taxes 0.00 Utilities Cable AvailablePhone AvailableElectricity Connected Water Sewer Public Zoning B2

Listing information © 2022 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Travis Dyson of Landmark Realty.


© 2022 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Southfork Realty. Data last updated: 2022-01-25T18:10:42.293.
 
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Southfork Realty
1207 Town Springs Road
Chilhowie VA, 24319