$1,500,000
Bristol, VA 24201
MLS# 9938945
Status: Closed
1 / 27
Property Description
ATTENTION INVESTORS! Based upon current market rental rates, there's room for significant value to be added to this 20 unit multi-family property. Located conveniently in Bristol, VA between Exits 7 and 5 (I-81), this property is comprised of 4 SEPARATE apartment buildings, all with NEW 911 Bristol addresses. Buildings #1678, 1698 and 1716 Bonham Road have 5 units per building and include 2 BEDROOMS/1.5 BATHS each. Building #1740 Bonham Road has 5 units and includes 2 BEDROOMS/1 BATH each. All units have separate HVAC system for heating/cooling, range/oven, refrigerator and washer/dryer hookup. Some units have laminate flooring. Windows are insulated, double pane with vinyl frame. Internet available through Point Broadband and Spectrum. The property is situated on a 1.58 ACRE level lot with approximately 10,000 sq. feet of paved parking. Located close to shopping, multiple restaurants, movie theater and approx.10 minutes from the NEW casino. Schedule a private showing today! Properties are being sold ''as is, where is'' with no inspections or repairs to be performed by Sellers. Any inspections performed by buyer will be for informational purposes only. Prior 911 addresses 335/345/355 and 365 Bonham Road, Bristol, VA. Seller is responsible for all landscaping, mowing, snow removal, water and sewer. THIS PROPERTY HAS 4 TAX MAP#'s: 267-1-24, 25, 26 and 27. Year built for building 1740 Bonham Road is 1971. Aerial photos may include other properties not for sale with this property.
Details
Maps
Location, Tax & Legal Info
Lot #: 24, 25, 26 & 27
Parcel ID: 267-1-24
Deed Book #: 488
Deed Page #: 71
City Taxes: 7406.56
County Taxes: 0
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1673500
Current Price: $1,500,000
Listing Date: 2022-06-07
General Property Description
Lot Dimensions: See Plat and Deed
Acres: 1.58
Zoning: B-1
# Buildings: 4
Elementary School: Van Pelt
Middle School: Virginia
Total Units: 20
High School: Virginia
Stories: 2
# Fireplaces: 0
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1966
Remarks & Misc
Directions: I-81 North to Exit 7, right off ramp onto Old Airport Road, travel 0.8 mile, then right on Bonham Road. Properties are immediately on the right, no sign.
Property Condition
Average: 1
Income and Expenses
Annual Utility Expenses: 6872
Net Annual Income: 98462
Gross Annual Income: 139500
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 5
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Unit 2
# Units: 5
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Style
Townhouse: 1
Roof
Shingle: 1
Unit 3
# Units: 5
# Bedrooms: 2
# Bathrooms: 1
Half Baths: 1
Unit 4
# Units: 5
# Bedrooms: 2
# Bathrooms: 1
Window Features
Double Pane Windows: 1
Insulated Windows: 1
Heating
Heat Pump: 1
Info Available
Plat: 1
AC
Ceiling Fan(s): 1
Central Air: 1
Heat Pump: 1
Utilities
Cable Available: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Cleared: 1
Level: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Carpet: 1
Laminate: 1
Vinyl: 1
Easements
None: 1
Basement
Crawl Space: 1
Financing
Cash: 1
Conventional: 1
Community Features
Sidewalks: 1
Security Features
Smoke Detector(s): 1
Parking Features
Asphalt: 1
Deeded: 1
Existing Finance
Call List Agent: 1
Porch/Patio/Deck
Rear Patio: 1
Walls
Drywall: 1
Paneling: 1
Foundation
Block: 1
Structure Type
House: 1
Expenses Include
Lawn Maint: 1
Property Insurance: 1
Repairs and Maint: 1
Taxes Real Estate: 1
Water/Sewer: 1
Location Tax Legal Info
Street #: 1740
Street Name: Bonham
St Suffix: Road
County: Out Of Area
State/Province: VA
Zip Code: 24201
Subdivision: Virginia Hills
Status Change Info
Date Pending: 2022-07-31
Sold Date: 2022-08-23
Sold Price: $1,500,000
Property Features
Property Condition: Average
Style: Townhouse
Exterior Finish: Brick; Vinyl Siding
Appliances: Electric Range; Refrigerator
Security Features: Smoke Detector(s)
Flooring: Carpet; Laminate; Vinyl
Roof: Shingle
Parking Features: Asphalt; Deeded
Heating: Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Double Pane Windows; Insulated Windows
Sewer: Public Sewer
Basement: Crawl Space
Foundation: Block
AC: Ceiling Fan(s); Central Air; Heat Pump
Utilities: Cable Available
Structure Type: House
Walls: Drywall; Paneling
Info Available: Plat
Easements: None
Financing: Cash; Conventional
Existing Finance: Call List Agent
Expenses Include: Lawn Maint; Property Insurance; Repairs and Maint; Taxes Real Estate; Water/Sewer
Community Features: Sidewalks
Listing Office: Prestige Homes of the Tri Cities, Inc.
Last Updated: November - 02 - 2022
Information deemed reliable but not guaranteed.