Remarks

RARE INVESTMENT OPPORTUNITY - 8.29 ACRES WITH INCOME POTENTIAL......Looking for cash flow with upside potential? This unique property features 10 mobile homes and 1 house on over 8 acres just outside the town limits, currently being used for a large family. The property includes town water, three septic systems, individual electric meters, and additional outbuildings - all the infrastructure is already in place. What makes this special is the flexibility. Some of the units are occupied and and can produce income right now, while others are gutted and ready to be converted into profitable storage units or workshops. The property sits outside town limits, meaning fewer restrictions, and lower taxes, but you still have the convenience of town water. There is existing fencing perfect for animals or livestock, making this ideal for someone wanting multiple income streams from one property. Along the back of the property you will find fruit trees, raspberry, blackberry, figs, grapes and blueberries. There has been over $85,000 put into redoing the septic tanks and leach fields. the red house is a new construction with new electric and plumbing. There is 2 new powerful septic pump grinders on the property and the septic tanks were pumped less than 2 years ago. The Health Dept in town can show where the water lines are and the septic and leech fields are located. All the occupied homes have new hot water heaters. Owners are a large family group and are actively searching for something else; so there is a contingency that they find something; but will be willing to work with the New Owners.

Details

MLS#: 100756
Price: $525,000

Style: Commercial
Sq Ft: 0
Year Built: 1980

County: Wythe
Lot Size: 8.29
Tax Fee: 853.74