Bought with Travis Hundt • Keller Williams
$1,320,000
$1,400,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
7.23 Acres Lot
SOLD DATE : 06/28/2021
Key Details
Sold Price $1,320,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Great Oaks Sec 2
MLS Listing ID 330479
Sold Date 06/28/21
Year Built 1984
Annual Tax Amount $4,759
Lot Size 7.230 Acres
Property Description
Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. This property was a church camp at one time and has a rustic feel but modern amenities. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Many Units have newer Kitchens & vinyl plank flooring. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage. All units are on one Deed and can not be separated. All units occupied under annual leases. No dogs on property, but tenants are allowed 1 cat. Could possibly build additonal units on the existing property.
Location
State VA
County Bedford
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
Exterior Feature Board and Batten
Utilities Available Southside Elec CoOp Indiv Meter/Electric
Building
Sewer Septic Tank
Schools
School District Bedford
Others
Acceptable Financing Conventional
Listing Terms Conventional
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4109 Boonsboro Road, Lynchburg, VA, 24503, United States