384 Camp Creek RD NW, Riner, VA 24149
$630,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
525,334
Status:
Closed
Current Price:
$630,000
List Date:
6/05/2020
Last Modified:
9/24/2024
Description
This unique, cash flowing, turn key property offers a rare opportunity to expand your real estate portfolio with twelve solid rental units. The property consists of one, two and three bedroom single level houses with semi-open floor plans averaging around 900 sqft each. All houses are located across the same twelve acre parcel thus simplifying management for the new owner. Very strong rental history with great value add potential. The property is professionally managed and has recently under went extensive upgrades with all new metal roofs, improved landscaping and new decks on several units. This investment property is ready for the next owner to step in and begin collecting the rent and benefiting from the positive cash flow.
More Information MLS# 870049
Contract Information
Current Price: $630,000
Sold Price: $630,000
List Date: 2020-06-05
Status: Closed
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1992
Number of Units: 12
# Unfurnished: 12
# Leased Units: 11
Gross Bldg SQFT: 10000
Total Acreage: 12.06
Basement Y/N: No
Parking Description: Private (10 or More)
Operating Expense: 20739
Net Operating Income: 57261
Gross Income: 78000
Water Class: N/A
Location Legal Taxes
Area: 1100 - Floyd County
Street Number: 384
Street Name: Camp Creek
Street Suffix: RD
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24149
Subdivision: N/A
Municipality: Floyd County
Elementary School: Floyd
Middle School: None
High School: Floyd County
Status Change Info
Ratified Contract Dt: 2020-06-19
Sold Date: 2020-10-13
Sold Price: $630,000
Property Features
Limited Service: Not Limited Service
Construction: Brick; Cement Block; Log Home
Basement: Slab
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Shared Well
Sewer Description: Shared Septic
Water Heater Type: Tank
Water Heater Energy: Electric
Owner Expenses: Electricity; Lawn Care
Tenant Expenses: Cable TV
Slr Pd Fin Concessns: No
Listing Office: RE/MAX 8
Last Updated: September - 24 - 2024
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