$1,200,000
Abingdon, VA 24210
MLS# 414016
Status: Closed
1 / 6
Property Description
GREAT INVESTMENT OPPORTUNITY ON 33 UNIT APARTMENTS, 16 TOWNHOUSE STYLE UNITS THAT RENTS FOR $525.00 PER MONTH, 6 ONE BEDROOM UNITS THAT RENTS $425.00 PER MONTH, AND 11 EFFICIENCY UNITS THAT RENTS FOR $375.00 PER MONTH. INCOME IS BASED ON ALL UNITS BEING RENTED. EXPENSES ARE ESTIMATE AT 30% OF INCOME. COMMON AREA FOR LAUNDRY.
Details
Maps
Location, Tax & Legal Info
Lot #: 6
Unit #: 6
Parcel ID: 002-1-6
Deed Book #: 8985
Deed Page #: 736
City Taxes: 3327.8
County Taxes: 7487.55
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1400000
Current Price: $1,200,000
Listing Date: 2018-10-19
General Property Description
Lot Dimensions: 1.98 ACRES
Acres: 1.98
Zoning: R3
# Buildings: 1
Elementary School: Greendale
# of Units: 33
Middle School: E. B. Stanley
High School: Abingdon
Stories: 2
Property Sub-Type: Multi Family
Year Built: 1979
Remarks & Misc
Directions: FROM EXIT 17 OF INTERSTATE 81 GO NORTH ON CUMMINGS ST. TO VALLEY STREET, RIGHT ON VALLEY STREET TO WHITES MILL ROAD, LEFT ON WHITES MILL ROAD TO PROPERTY ON RIGHT.
Income and Expenses
Net Annual Income: 123124
Gross Annual Income: 175900
Exterior Finish
Brick: 1
Unit 1
# Units: 17
# Bedrooms: 1
# Bathrooms: 17
# Half Baths: 0
SqFt: 25728
Monthly Rent: 425
Unit 2
# Units: 16
# Bedrooms: 2
# Bathrooms: 32
SqFt: 15744
Monthly Rent: 525
Style
Duplex: 1
Other: 1
See Remarks: 1
Roof
Composition: 1
Levels
Two: 1
Heating
Electric: 1
Info Available
Other: 1
See Remarks: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Range: 1
Refrigerator: 1
Flooring
Carpet: 1
Vinyl: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Walls
Drywall: 1
Location Tax Legal Info
Street #: 526
Street Name: WHITES MILL
St Suffix: Road
County: Washington
State/Province: VA
Zip Code: 24210
Area: 500 - Abingdon
Status Change Info
Date Pending: 2019-06-04
Sold Date: 2019-09-16
Sold Price: $1,200,000
Property Features
Style: Duplex; Other; See Remarks
Levels: Two
Exterior Finish: Brick
Appliances: Range; Refrigerator
Flooring: Carpet; Vinyl
Roof: Composition
Heating: Electric
Water: Public
Sewer: Public Sewer
AC: Central Air
Walls: Drywall
Info Available: Other; See Remarks
Easements: None
Financing: Cash; Conventional
Listing Office: MEADE REALTY
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.