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2065-75 Castleton Road

Max Meadows, VA 24360
  • $441,914
  • STATUS: Active
  • ON SITE: 95 Days
  • MLS #: 81964
UPDATED: 36 min ago
$441,914
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,726
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

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.

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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 The Christy Wood Team | Real Living Solutions. Data last updated: 2022-06-26T23:10:42.967.
www.christywood.com/homes/126934204
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2065-75 Castleton Road Max Meadows, VA 24360

  • Price: $441,914
  • Status: Active
  • On Site: 95 Days
  • Updated: 36 min ago
  • MLS #: 81964
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,726
SQFT
$94
$/SQFT
Neighborhood:
Max Meadows
County:
Wythe
Area:
Max Meadows
Property Description
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.
Exterior Features

Building Exterior Other Exterior Features GuttersOther-See RemarksParking 10+ Spaces Lot Dimensions F394x762xb320 Roof Metal Style Building Multi StoryOther-See Remarks

Interior Features

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

Property Features

Additional Structures Garage Outside Unit 2067 Building Age 1960&1961 County Taxes 1304.64 Current Use Other Equipment Leased None Gross Income 3884.00 Lot Number 62-105&105A Net Income 3348.67 Property Description Located in CountyOther-See Remarks Property Type Commercial Other Sewer Septic System Sprinkler System None Tax Map Number 62-105 Tax Year 2021 Utilities Electricity ConnectedSeparate Meters Water Sewer OtherWell Zoning None

Listing information © 2022 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Sara Shupe of Weichert Realtors-Short Way Real Estate.


© 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 The Christy Wood Team | Real Living Solutions. Data last updated: 2022-06-26T23:10:42.967.
 
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