2065 Castleton Rd

    Max Meadows, VA 24360
    • $212,000
    • STATUS: Active
    • ON SITE: 376 days
    • MLS #: 63694
    UPDATED: 80 min ago
    $212,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,408
      SQFT
    • $39
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Ideal Investment property meeting all the criteria investors want and more! Great location - rural area where a place to rent is very hard to find, convenient to I-77 Wytheville/Charlotte or to I-81N going toward Christiansburg/Roanoke. Can produce rental income over $2300/month more than meeting the 10% to purchase price ratio. Long term tenants, some almost 20 years. At least 5 acres of extra usable land, flat, buildable, ready for new owner to build additional rental units or commercial buildings. Would make a great site for storage units. One building has newly renovated very large 1 bed, 1 bath, upper level has two 1 bed, 1 bath units, other building has beauty salon and also a large warehouse/workshop space ready to rent, upper level has a large 3 bed/1 bath apt. Nice detached garage could also be rented. All 3 buildings have metal roofs. Has 2 wells, only using one but can hook up to public water. Adjoining parcel with 3/1 house can also be purchased, see MLS #63699.

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    © 2019 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: 2019-03-20T14:11:03.1.
    www.highlandsrealtyinc.com/homes/81394743

    2065 Castleton Rd Max Meadows, VA 24360

    • Price: $212,000
    • Status: Active
    • Updated: 80 min ago
    • MLS #: 63694
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,408
    SQFT
    $39
    $/SQFT
    Neighborhood:
    Max Meadows
    County:
    Wythe
    Area:
    Max Meadows
    Property Description
    Ideal Investment property meeting all the criteria investors want and more! Great location - rural area where a place to rent is very hard to find, convenient to I-77 Wytheville/Charlotte or to I-81N going toward Christiansburg/Roanoke. Can produce rental income over $2300/month more than meeting the 10% to purchase price ratio. Long term tenants, some almost 20 years. At least 5 acres of extra usable land, flat, buildable, ready for new owner to build additional rental units or commercial buildings. Would make a great site for storage units. One building has newly renovated very large 1 bed, 1 bath, upper level has two 1 bed, 1 bath units, other building has beauty salon and also a large warehouse/workshop space ready to rent, upper level has a large 3 bed/1 bath apt. Nice detached garage could also be rented. All 3 buildings have metal roofs. Has 2 wells, only using one but can hook up to public water. Adjoining parcel with 3/1 house can also be purchased, see MLS #63699.
    Exterior Features

    Building Exterior Block Exterior Features GuttersParking 10+ Spaces Lot Dimensions 5 Acres Road Frontage Feet 417 Roof Metal Style Building Multi StoryMasonry

    Interior Features

    Air Conditioning None Floors CarpetWood FloorsConcrete SlabTile Heating System OilCombination Interior Features Extra Storage Warehouse Sq Ft 532

    Property Features

    Additional Structures 2 Building Age 58 Years County Taxes 867.79 Current Use OtherWarehouse Equipment Leased None Gross Income 27600.00 Lot Number 105 Net Income 22000.00 Property Description Located in County Property Type Multi Use Building Sprinkler System None Tax Map Number 062-000-0000-0105 Tax Year 2017 Town Taxes 0.00 Utilities Cable AvailableElectricity ConnectedPhone AvailableNatural Gas ConnectedSeparate Meters Water Sewer WellOther Zoning Comm/Indus

    Listing information © 2019 Southwest Virginia Association of REALTORS®
    Listing provided courtesy of Cindy Stuart of Mountain Sky Properties, Wytheville.


    © 2019 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: 2019-03-20T14:11:03.1.
     
    Highlands Realty, Inc.
    461 W. Main St.
    Abingdon VA, 24210