1068 River Oak DR, Forest, VA 24551
$1,320,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
314,939
Status:
Closed
Current Price:
$1,320,000
List Date:
3/30/2021
Last Modified:
9/25/2024
Overview
Description
Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. This property was a church camp at one time and has a rustic feel but modern amenities. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Many Units have newer Kitchens & vinyl plank flooring. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage.
Supplements:
Listing Details MLS# 878232
Location, Tax & Legal
- Area
- 0600 - Bedford County
- Street Number
- 1068
- Street Name
- River Oak
- Street Suffix
- DR
- State/Province
- VA
- Zip Code
- 24551
- Subdivision
- NA
- Municipality
- Bedford County
- Elementary School
- New London Academy
- Middle School
- Forest Middle
- High School
- Jefferson Forest
- Major Area
- 06 - Bedford County
- Phase
- 0
- Lot
- 28
- Block
- No
- Tax ID
- 90510132
- Annual Taxes
- 4758
- Section
- 2
- POA Y/N
- No
- POA/Condo Dues
- 0
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1985
- Present Use
- Built-As
- Number of Units
- 17
- # Leased Units
- 17
- Total Acreage
- 7.23
- Basement Y/N
- Yes
- Parking Description
- Private (10 or More)
- Operating Expense
- 28407
- Net Operating Income
- 112757
- Gross Income
- 145000
- Water Class
- N/A
- # Furnished
- 0
- # Unfurnished
- 0
- Gross Bldg SQFT
- 0
Status Change Info
- Ratified Contract Dt
- 2021-04-12
- Sold Date
- 2021-06-28
Expenses
- Tax Exp
- 4759
- Water Exp
- 4649
Remarks & Misc
- Directions
- St. Route 811 (Thomas Jefferson Road) to Right on Great Oak, Right on Willow Oak, Left on River Oak.
More Information
Limited Service
- Not Limited Service
- Yes
Construction
- Wood
- Yes
Basement
- Partial
- Yes
Views
- Mountain(s)
- Yes
- Sunset
- Yes
Heating
- Heat Pump Electric
- Yes
Cooling
- Heat Pump Electric
- Yes
Water Description
- Public
- Yes
Sewer Description
- Private Septic
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Lease Type
- One Year
- Yes
Owner Expenses
- Lawn Care
- Yes
- Trash Disposal
- Yes
- Water
- Yes
Interior Features
- Ceiling Fan(s)
- Yes
- Skylight
- Yes
Internet Access
- Cable
- Yes
Tenant Expenses
- Cable TV
- Yes
- Electricity
- Yes
- Heating
- Yes
Slr Pd Fin Concessns
- No
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Wood
Basement:
Partial
Heating:
Heat Pump Electric
Cooling:
Heat Pump Electric
Water Description:
Public
Sewer Description:
Private Septic
Water Heater Type:
Tank
Water Heater Energy:
Electric
Lease Type:
One Year
Owner Expenses:
Lawn Care; Trash Disposal; Water
Interior Features:
Ceiling Fan(s); Skylight
Internet Access:
Cable
Views:
Mountain(s); Sunset
Tenant Expenses:
Cable TV; Electricity; Heating
Slr Pd Fin Concessns:
No
Listing Office:
LONG & FOSTER - FOREST
Last Updated: September - 25 - 2024
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