1903 Lovers Gap -

$499,900

About This Property

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.

Essential Information

MLS® #424236
Price$499,900
Bathrooms0.00
Acres0.00
Year Built1985
TypeMulti-Family
Sub-TypeOther
Style1 Story, 2 Story
StatusActive

Community Information

Address1903 Lovers Gap -
Area507 - Buchanan County
CityVansant
CountyBuchanan
StateVIRGINIA
Zip Code24656

Amenities

ViewCreek/Stream
Has PoolYes

Interior

HeatingCentral, Heat Pump
FireplaceYes

Exterior

ExteriorBrick
Lot DescriptionLevel
RoofMetal

School Information

ElementaryOut Of Area
MiddleOut Of Area
HighOut Of Area

Additional Information

Date ListedJuly 10th, 2019
Days on Market134
ZoningComm-MF-Res
HOA Fees0.00

Listing Details

Listing Courtesy ofKW JOHNSON CITY

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Copyright 2019 Tennessee Virginia Regional MLS®. All rights reserved.

Information herein deemed reliable but not guaranteed November 21st, 2019 at 9:15pm

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