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

Overview

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.

Listing Details MLS# 870049

Location, Tax & Legal

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
Major Area: 11 - Floyd County
Phase: 0
Lot: Yes
Block: No
Tax ID: 26-109
Annual Taxes: 2887
Section: No
POA Y/N: No

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
# Furnished: 0

Status Change Info

Ratified Contract Dt: 2020-06-19
Sold Date: 2020-10-13

Remarks & Misc

Directions: Route 8 towards Riner, 2 miles after crossing Floyd County Line, Take RT onto Camp Creek Rd, Property begins at Justice Dr.

Limited Service

Not Limited Service: Yes

More Information

Construction

Brick: Yes
Cement Block: Yes
Log Home: Yes

Basement

Slab: Yes

Heating

Heat Pump Electric: Yes

Cooling

Heat Pump Electric: Yes

Water Description

Shared Well: Yes

Sewer Description

Shared Septic: Yes

Water Heater Type

Tank: Yes

Water Heater Energy

Electric: Yes

Owner Expenses

Electricity: Yes
Lawn Care: Yes

Tenant Expenses

Cable TV: Yes

Slr Pd Fin Concessns

No: Yes

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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384 Camp Creek RD NW, Riner, VA 24149 (MLS# 870049)