284 Farmers Mountain RD, Gretna, VA 24557

$325,000
Property Type: MultiFamily Lot Size (sq. ft.): 39,640 Status: Closed
Current Price: $325,000 List Date: 9/01/2025 Last Modified: 11/02/2026

Overview

Description

This single-level apartment building comprises 12 units, offering a blend of rental stability and potential for growth. Currently, 8 units are rented. Additionally, 2 units are vacant and renovated, promising future rental income without immediate renovation costs. The remaining 2 vacant units need renovation, presenting an opportunity to increase the building's value. Each apartment features an open layout between the kitchen and living area, creating a spacious feeling that appeal to tenants. This apartment building represents a great investment opportunity, combining immediate rental income, potential for increased returns, and the chance to add value through renovations. With the right vision, this property could become a cornerstone of a successful real estate portfolio.

Listing Details MLS# 914601

Location, Tax & Legal

Area
1600 - Pittsylvania County
Street Number
284
Street Name
Farmers Mountain
Street Suffix
RD
State/Province
VA
Zip Code
24557
Subdivision
N/A
Municipality
Pittsylvania County
Elementary School
Gretna Elementary
Middle School
Gretna Middle
High School
Gretna High

General Property Description

Multi-Family Type
Apartments
Construction Status
Completed
Year Built
1993
Present Use
Built-As
Number of Units
12
# Unfurnished
12
# Leased Units
8
Gross Bldg SQFT
4800
Total Acreage
0.91
Basement Y/N
No
Parking Description
Private (10 or More)
# Vehicle Spaces
12
Operating Expense
13939.47
Net Operating Income
21660.53
Gross Income
35600
Water Class
N/A

Status Change Info

Ratified Contract Dt
2025-09-01
Sold Date
2025-10-30

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Wood Basement: Slab Heating: Baseboard Electric Cooling: Window Unit(s) Water Description: Private Well Sewer Description: Private Septic Water Heater Type: Tank Water Heater Energy: Electric Owner Expenses: Trash Disposal; Other - See Remarks Tenant Expenses: Cable TV; Electricity; Water Slr Pd Fin Concessns: Not Disclosed
Listing Office: REAL BROKER LLC - MCLEAN
Last Updated: November - 02 - 2026
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