$1,600,000
Abingdon, VA 24211
MLS# 9978432
Status: Closed
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Property Description
Investor Portfolio Opportunity - Abingdon, VA & Bristol, VA! Portfolio Includes: 20796 Meadowbrook (3/2.5), 20814 Meadowbrook (3/2.5), 20802 Meadowbrook (3/2.5), 20824 Meadowbrook (2/2.5) and 149 Leonard St Bristol VA (2/2) Exceptional opportunity to acquire a portfolio of five income-producing duplexes (10 total rental units) located in two strong rental markets: Abingdon, VA and Bristol, VA. Four duplexes located in the desirable Meadowbrook subdivision of Abingdon, VA. One duplex located near Downtown Bristol, VA. Nine of ten units are currently leased, offering immediate rental income. Unit mix includes three 3-bedroom, 2-bathroom buildings and two 2-bedroom, 2-bathroom buildings. Units offer spacious layouts with excellent tenant appeal and convenient locations near community amenities, shopping, and events This portfolio is well-positioned for both seasoned investors looking to expand and new investors seeking a solid, turnkey opportunity with long-term equity potential. Tenants are drawn to the charm and convenience of Meadowbrook as well as the walkability and downtown access in Bristol. Additional financials and rent roll available upon request. Do not disturb tenants. Showings available with acceptable offer or upon request with proper notice. Buyer/Buyers Agent to verify. ** PLEASE NOTE - units vary and interior photographs are taken from 1 unit.
Details
Maps
Location, Tax & Legal Info
Unit #: A
Parcel ID: 104f 1 115
City Taxes: 0
County Taxes: 1126.2
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1600000
Current Price: $1,600,000
Listing Date: 2025-04-07
General Property Description
Lot Dimensions: 89x172
Acres: 0.35
Zoning: r
# Buildings: 5
Elementary School: Abingdon
# of Units: 10
Middle School: E. B. Stanley
Total Units: 10
High School: Abingdon
Senior Community YN: No
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Duplex
Year Built: 2002
Remarks & Misc
Directions: Take Exit 14 toward Abingdon.
Turn right onto Old Jonesboro Rd
Turn left onto W Main St.
Turn right onto Porterfield Hwy
Turn right onto Meadowbrook Dr.
Arrive at 20803 Meadowbrook Dr
Property Condition
Above Average: 1
Average: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 2
# Bedrooms: 6
# Bathrooms: 4
# Half Baths: 2
Unit 2
# Units: 2
# Bedrooms: 6
# Bathrooms: 4
# Half Baths: 2
Style
Duplex: 1
Unit 3
# Units: 2
# Bedrooms: 6
# Bathrooms: 4
Half Baths: 2
Levels
One: 1
Two: 1
Unit 4
# Units: 2
# Bedrooms: 4
# Bathrooms: 4
Half Baths: 2
Heating
Heat Pump: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Sloped: 1
Easements
None: 1
Parking Features
Asphalt: 1
Structure Type
Duplex: 1
Location Tax Legal Info
Street #: 20802
Street Name: Meadowbrook
St Suffix: Drive
County: Washington
State/Province: VA
Zip Code: 24211
Subdivision: Meadowbrook Est
Status Change Info
Date Pending: 2025-04-16
Sold Date: 2025-05-30
Sold Price: $1,600,000
Property Features
Property Condition: Above Average; Average
Style: Duplex
Levels: One; Two
Exterior Finish: Brick; Vinyl Siding
Parking Features: Asphalt
Heating: Heat Pump
Water: Public
Sewer: Public Sewer
AC: Central Air
Structure Type: Duplex
Easements: None
Listing Office: KW Bristol
Last Updated: June - 01 - 2025
Information deemed reliable but not guaranteed.