Description
RARE INVESTMENT OPPORTUNITY! 4.8 acres approved for 44 rental units + 8 existing well-maintained rental apts with individual HVAC heat pumps, ready to continue churning profits for years to come. Rental units at this highly desirable location enjoy a wait list for occupancy. Public sewer, water, underground power, etc. are in place ready to accommodate 44 additional units. Located within walking distance (3/4 mile) of the University of Virginia at Wise ("UVA") at the NW Corner of Coeburn Mountain Rd (SR 646) and Bear Creek Rd (SR801) this is an investors dream location and excellent opportunity. Quiet location just outside of town limits. Wise Virginia continues to experience a strong economy and UVA has announced plans to add substantial staff to meet the demands of higher enrollments. There is a housing shortage in the area and that's especially true with regard to rental housing near the university. Vacant portion of the land is flat, requiring no earthwork, construction ready!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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8,000SQFT
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$156$/SQFT
School Ratings & Info
Description
RARE INVESTMENT OPPORTUNITY! 4.8 acres approved for 44 rental units + 8 existing well-maintained rental apts with individual HVAC heat pumps, ready to continue churning profits for years to come. Rental units at this highly desirable location enjoy a wait list for occupancy. Public sewer, water, underground power, etc. are in place ready to accommodate 44 additional units. Located within walking distance (3/4 mile) of the University of Virginia at Wise ("UVA") at the NW Corner of Coeburn Mountain Rd (SR 646) and Bear Creek Rd (SR801) this is an investors dream location and excellent opportunity. Quiet location just outside of town limits. Wise Virginia continues to experience a strong economy and UVA has announced plans to add substantial staff to meet the demands of higher enrollments. There is a housing shortage in the area and that's especially true with regard to rental housing near the university. Vacant portion of the land is flat, requiring no earthwork, construction ready!
© 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: 2022-07-04T00:10:44.563.