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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