This is your opportunity to add this solid residential income property to your rental portfolio. The time has never been better to invest in Southside Virginia. FASTC in Blackstone, and CMH and Microsoft in South Hill are bringing people to the area and there is certainly a shortage of QUALITY rental units. This property is well-poised to be at the forefront of residential rentals in Lunenburg, Nottoway and Mecklenburg into the foreseeable future! This property consists of four walk-up units that were completed in 2016, and three flats that were completed in 2022. The units are approximately 1,100 square feet with two bedrooms and two bathrooms. The older structure has attached garages and both offer off-street parking. The site is just over a half an acre with trash pickup, public water and sewer from the Town of Kenbridge and electricity of Dominion. The property is professionally managed by local management firm. the property generates $7,575 per month. New construction of good quality and tenant-paid utilities provide for solid investment numbers. This property will be sold at auction. Listing price is opening bid. No pre-auction offers accepted.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Updated: 3rd June, 2023 9:54 PM (UTC)
Listing Agent: Andy Austin
Listing Office: United Real Estate Richmond