Forest, VA 24551,1068 River Oak DR
Forest, VA 24551,1068 River Oak DR
Forest, VA 24551,1068 River Oak DR
Forest, VA 24551,1068 River Oak DR
Forest, VA 24551,1068 River Oak DR
Forest, VA 24551,1068 River Oak DR
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Listed by Gary P Hostutler • Long & Foster-Forest
Bought with Travis Hundt • Keller Williams

$1,320,000

$1,400,000

5.7%
Est.Price: ?

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Est. payment /mo

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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+1(434) 221-9375

laurenbellrealestate@gmail.com

4109 Boonsboro Road, Lynchburg, VA, 24503, United States

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