Fantastic investment opportunity in Botetourt County! All three units are currently rented with long-term tenants, ensuring a steady income stream. The property consists of a 2-bedroom house and a 2-unit building, each unit offering 2 bedrooms and 1 bath. Great value add potential with below market rents and a lot of room for appreciation with some sweat equity. Please note that the property is being sold AS IS.
Multi-familyProperty Type
1954Year Built
0.28 acresLot Size
13800 spacesParking
Listed by CODY JOURNELL• GRAVITY REAL ESTATE GROUP INC
Bought with Non Member Transaction Agent• Non-Member Transaction Office
Great investment opportunity in Botetourt County! Long Term Tenants-all 3 units are rented. This property includes a 2 bedroom house and a 2 unit building with 2 bedrooms and 1 bath per unit. The single family home rents for $520 per month. The duplex rents for $450 per month per unit. Well and Septic is shared with neighboring properties. Roof on each structure is 10 years old and NEW Oil furnace in single family dwelling 2018. Sold AS IS.
MLSRV #837374
Oct 8, 2017
Listing Removed
—
May 10, 2017
Listed
$108,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Botetourt County
APN
109-2A
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 23, 2023.
A1
Agricultural District
The Agricultural District A-1 is intended to preserve and enhance the rural character and natural resources of those portions of the county where agriculture, forest, rural residential and open space uses predominate, and to accommodate additional limited amounts of low density residential development that is not served by public water or wastewater systems.This district is generally intended to apply to land within the current A-1 district on the date of adoption of this chapter and land designated in the comprehensive plan as being planned for agricultural, rural residential or private forest. Land in this district is generally not intended to be served with public water or wastewater.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Religious facility
Housing-Group
Housing-Single unit
Educational/school
Communications tower
Cemetery
Housing-Mobile home park
Park & open space
Property details
Parking
Garage and Parking Information
# of Covered Spaces: 13,800
Interior
Multi-Unit Information
# of Units (Total): 3
Multi-Family Financial Information
Net Operating Income: $13,800
Operating Expense: $3,000
Gross Income: $16,800
Gross Scheduled Income: $16,800
Owner Pays: Management
Exterior
Building Information
Year Built: 1954
Property Information
PropertyType: MultiFamily
Property Sub Type: Other - See Remarks
Lot Information
Lot Size Area: 0.28
Lot Size Acres: 0.28
Lot Size Square Feet: 12,196.8
Lot Size Units: Acres
Financial
Tax Information
Tax Annual Amount: $677
Parcel Number: 109 2A
Utilities
Heating & Cooling
Has Heating
Has Cooling
Heating: Heat Pump Electric, Baseboard Oil
Location
School Information
Elementary School: Colonial
Middle Or Junior School: Read Mountain
High School: Lord Botetourt
Location Information
Directions: 460 / Orange Avenue Toward Blue Ridge to property on left.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Botetourt County
APN: 109-2A
Home facts updated by county records on May 23, 2023
Other
Listing Information
ListingId: 900497
ListPrice: $100,000
Around this home
Schools
Places
Transit
Colonial Elementary School
Public PreK-5 • Assigned • 2.3mi
10/10
Read Mountain Middle School
Public 6-8 • Assigned • 5.1mi
8/10
Lord Botetourt High School
Public 9-12 • Assigned • 6.1mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
3/10 Flood Factor
Estimated 10-16% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
5/10 Heat Factor
8 days above 99° expected this year, 22 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Blue Ridge, VA • 24413
Average low and high temperatures (°F)
41
26
49
31
65
43
72
52
73
56
84
65
87
70
82
65
77
60
69
49
60
42
46
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$95,000 – $115,000
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