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    16440 Jeb Stuart Hwy

    Abingdon, VA 24210
    • $339,000
    • STATUS: Active
    • ON SITE: 58 days
    • MLS #: 79385
    UPDATED: 125 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 a total gross income of $53,700 based on currently-rented properties. Net operating income is $30,950/year. 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 info with coin laundry used by tenants and other nearby properties.

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    © 2021 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 Highlands Realty, Inc.. Data last updated: 2021-09-26T00:10:41.38.
    www.highlandsrealtyinc.com/homes/119863935
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    16440 Jeb Stuart Hwy Abingdon, VA 24210

    • Price: $339,000
    • Status: Active
    • Updated: 125 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 a total gross income of $53,700 based on currently-rented properties. Net operating income is $30,950/year. 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 info 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 © 2021 Southwest Virginia Association of REALTORS®
    Listing provided courtesy of Travis Dyson of Landmark Realty.


    © 2021 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 Highlands Realty, Inc.. Data last updated: 2021-09-26T00:10:41.38.
     
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    Highlands Realty, Inc.
    461 W. Main St.
    Abingdon VA, 24210