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423-968-7653
Apple Realty and Auction
Multifamily

1903 Lovers Gap Rd, Vansant, VA 24656

1 Story, 2 Story
FOR SALE
Price: $499,900  Price Per SqFt: List Date: 2019-07-10  DOM:  102
City Tax: $0 County Tax: $3,528
Year Built: 1985 

Lot Dimensions: N/ATopography: Creek/Stream, Level
Heating: Central, Heat PumpCooling: Central, Heat PumpWater & Sewage: Sewer-Public, Water-Public

Description

Excellent Investment Portfolio with an immediate 12+% ROI, and with the final office space rented, will bring as much as a 17+% ROI. This property consists of 4 structures. Structure #1 is a free standing commercial building, currently rented by the US Post Office for over 30 yrs, and renew with long term contracts. Structure #2 is an 8,000 SqFt free standing commercial building with 4 office spaces consisting of 2000 SqFt each. Three of these office spaces are rented, and renew with long term contracts. Structures #3 & #4 are single family dwellings that have been rented by the same tenants for decades. Both residential structures can also be utilized as commercial offices if desired. Both commercial structures are GSA (Government Services Approved), and automatically renew every year. Each structure has been remodeled, has new metal roofs, HVACS, and so much more. All details, including the 2018 P&L are on file. Call listing agent for appointment.

Community Information

Geographical
Area: Buchanan County
County: Buchanan
Subdivision:
Zoning: Comm-MF-Res
School System
Out Of Area Elementary
Out Of Area Middle
Out Of Area High

Interior

Exterior

Roof: Metal Exterior Finish: Brick 

Photos

Listing by Kw Johnson City
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