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2065-75 Castleton Road

Max Meadows, VA 24360
  • $441,914
  • STATUS: Active
  • ON SITE: 170 Days
  • MLS #: 82319
$441,914
  • 0
    BEDS
  • 6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,474
    SQFT
  • $68
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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 Highlands Realty, Inc.. Data last updated: 2022-10-05T00:10:43.887.
www.highlandsrealtyinc.com/homes/127783576
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2065-75 Castleton Road Max Meadows, VA 24360

  • Price: $441,914
  • Status: Active
  • On Site: 170 Days
  • MLS #: 82319
0
Beds
0
Baths
0
½ Baths
6
Acres
6,474
SQFT
$68
$/SQFT
1960
Built
Neighborhood:
N/A
County:
Wythe
Area:
Max Meadows
Elementary School:
Sheffey
Middle School:
Fort Chiswell
High School:
Fort Chiswell
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

Car Storage Sq Ft 0 Exterior BlockVinyl Siding Exterior Amenities Paved StreetOther-See RemarksOut Buildings Landscaping Outdoor Lighting Lot Dimensions F394x762xb320 Roof Metal Water View None Waterfront None

Interior Features

Appliances Other-See Remarks Basement Foundation Other-See Remarks Bsmt Finished Sq Ft 0 Bsmt Unfinished Sq Ft 0 Cooling Other-See Remarks Fireplace Details None First Floor Sq Ft 0 Heating Other-See Remarks Interior Amenities Newer Floor CoveringWood FloorsVinyl FloorsDry Wall Laundry Other-See Remarks Second Floor Sq Ft 0 Third Floor Sq Ft 0 Total Unfinished Sq Ft 0 Water Heater Electric Windows Insulated

Property Features

County Taxes 1304.64 Electricity Separate Meters Gross Income 3884.00 Layout Front & BackThree BuildingsUp & DownSide By Side Lot Number 62-105&105A Property Type Multi-Family Other Sewer Septic System Tax Map Number 62-105 Tax Year 2021 Water Supply Well Zoning None

Listing information © 2022 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Sara Shupe of Weichert Realtors-Short Way Real Estate: 2762234018.


© 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 Highlands Realty, Inc.. Data last updated: 2022-10-05T00:10:43.887.
 
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