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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $94
MLS Listing ID 140381
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1909
Annual Tax Amount $1,661
Lot Size 3,800 Sqft
Acres 1.0
Property Sub-Type Multi-Family
Source Rockbridge Highlands REALTORS®
Land Area 3800
Property Description
,650 per month ($31,800 annually), the property offers upside potential, w/existing rents reportedly below market rates. Situated on approximately one acre, the
property may also offer additional development opportunities toward the rear of the lot, subject to applicable zoning & approvals. Conveniently located near The Omni Homestead Resort & downtown Hot Springs, this income-producing property presents an attractive opportunity for investors seeking steady cash flow. Excellent investment opportunity in Hot Springs! This fully occupied 4-unit apartment building offers immediate rental income with potential for
increased returns. Each spacious unit features 1 bedroom, 1 bathroom, over 900 square feet of living space, and separately metered electricity. Currently generating $2
,650 per month ($31,800 annually), the property offers upside potential, with existing rents reportedly below market rates. Situated on approximately one acre, the
property may also offer additional development opportunities toward the rear of the lot, subject to applicable zoning and approvals. Conveniently located near The Omni
Homestead Resort and downtown Hot Springs, this income-producing property presents an attractive opportunity for investors seeking steady cash flow and long-term
appreciation potential. A great addition to any investment portfolio!
Location
State VA
County Bath
Area 1.0
Zoning Residential
Direction 5656 Same Snead Hwy, Hot Springs, VA 24445
Rooms
Basement Partial, Unfinished, Interior Access
Interior
Heating Baseboard Electric
Cooling Window Unit(s)
Flooring Carpet
Fireplace No
Exterior
Utilities Available Electric, Public Water
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Wooded
Story 2 Story
Water Public Water
Structure Type Asbestos
New Construction No
Schools
Elementary Schools Central
Middle Schools Lylburn Downing
High Schools Parry Mccluer
Others
Tax ID 94A1-2-21
Nearby Locations
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