100 6th ST, New Castle, VA 24127

$805,000

Property Type: MultiFamily Lot Size (sq. ft.): 104,544 Status: Closed

Current Price: $805,000 List Date: 7/14/2015 Last Modified: 12/27/2024

Overview

Description

24 units in New Castle, Virginia. Built in 1993. Strong rental history. Features three garden buildings with eight spacious 2-bedroom/1-bath units each. Each unit includes washer/dryer hook-ups, large living room, and private balcony. All utilities separately metered. Current rents average $440. Manager’s leasing office could easily become 25th unit. Excess land for additional expansion.

Listing Details MLS# 817266

Location, Tax & Legal

Area: 0800 - Craig County
Street Number: 100
Street Name: 6th
Street Suffix: ST
State/Province: VA
Zip Code: 24127
Subdivision: N/A
Municipality: Craig County
Elementary School: Mccleary
Middle School: Craig County Middle
High School: Craig County

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1993
Present Use: Built-As
Number of Units: 24
# Unfurnished: 24
# Leased Units: 23
Gross Bldg SQFT: 20064
Lot Dimensions: 323 X 323
Total Acreage: 2.4
Basement Y/N: No
Parking Description: Private (10 or More)
# Vehicle Spaces: 30
Operating Expense: 47406
Net Operating Income: 66787
Gross Income: 126880
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2015-08-19
Sold Date: 2015-11-18

More Information

Property Features

Limited Service: Not Limited Service Construction: Vinyl Basement: Slab Heating: Baseboard Electric Cooling: Window Unit(s) Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Lease Type: One Year Owner Expenses: Lawn Care; Management Fee; Trash Disposal Misc Features: Stream Views: Mountain(s); River Tenant Expenses: Electricity

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 27 - 2024

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