$1,075,000
Abingdon, VA 24210
MLS# 379429
Status: Closed
1 / 7
Property Description
24 UNITS FEATURING TWO BEDROOMS, ONE BATH, LIVING ROOM, & DINING AREA. EACH UNIT HAS WASHER/DRYER HOOK-UP. 12 UNITS ARE FIRST FLOOR UNITS, 12 UNITS ARE SECOND FLOOR UNITS. EACH UNIT CONSISTS OF APPROXIMATELY 848 SQ. FT. EACH UNIT HAS TWO ELECTRIC WALL HEAT PUMPS. UNITS ARE CONVENIENT TO DOWNTOWN ABINGDON AND INTERSTATE 81. GREAT INVESTMENT OPPORTUNITY. INCOME IS BASED ON ALL UNITS BEING RENTED AND EXPENSES ARE ESTIMATED.
Details
Maps
Location, Tax & Legal Info
Lot #: 11
Unit #: 24
Parcel ID: 005-15-11
Deed Book #: 969
Deed Page #: 278
City Taxes: 2936.36
County Taxes: 6606.81
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1200000
Current Price: $1,075,000
Listing Date: 2016-06-28
General Property Description
Lot Dimensions: 255 X 353 X 253 X 354
Acres: 2.06
Zoning: R3
# Buildings: 2
Elementary School: Greendale
# of Units: 24
Middle School: E. B. Stanley
High School: Abingdon
Stories: 2
# Fireplaces: 0
Property Sub-Type: Multi Family
Year Built: 1993
Remarks & Misc
Directions: FROM EXIT 17 OF INTERSTATE 81 GO NORTH ON CUMMINGS STREET TO VALLEY STREET, RIGHT ON VALLEY STREET TO WHITES MILL ROAD, LEFT ON WHITES MILL ROAD, PROPERTY WILL BE ON THE LEFT.
Income and Expenses
Annual Utility Expenses: 10100
Net Annual Income: 108000
Gross Annual Income: 144000
Exterior Finish
Brick: 1
Vinyl Siding: 1
Unit 1
# Units: 12
# Bedrooms: 2
# Bathrooms: 1
Unit 2
# Units: 12
# Bedrooms: 2
# Bathrooms: 1
Style
Duplex: 1
Roof
Composition: 1
Levels
Two: 1
Window Features
Insulated Windows: 1
Interior Features
Other: 1
See Remarks: 1
Heating
Heat Pump: 1
AC
Wall Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Disposal: 1
Range: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Flooring
Carpet: 1
Hardwood: 1
Vinyl: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Parking Features
None: 1
Existing Finance
Conventional: 1
Walls
Drywall: 1
Location Tax Legal Info
Street #: 533-443
Street Name: WHITES MILL
St Suffix: Road
County: Washington
State/Province: VA
Zip Code: 24210
Area: 500 - Abingdon
Status Change Info
Date Pending: 2018-08-01
Sold Date: 2018-09-21
Sold Price: $1,075,000
Property Features
Style: Duplex
Levels: Two
Exterior Finish: Brick; Vinyl Siding
Interior Features: Other; See Remarks
Appliances: Dishwasher; Disposal; Range; Refrigerator
Flooring: Carpet; Hardwood; Vinyl
Roof: Composition
Parking Features: None
Heating: Heat Pump
Water: Public
Window Features: Insulated Windows
Sewer: Public Sewer
AC: Wall Unit(s)
Walls: Drywall
Easements: None
Financing: Cash; Conventional
Existing Finance: Conventional
Listing Office: MEADE REALTY
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.