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31157 Princeton Avenue
Meadowview VA 24361
MLS #9991031 · Listing Courtesy of Robin's Nest Realty, LLC
$499,900
Active
0.47
Acres
1970
Built
Property Description
Welcome to The Wasp Nest, a unique and recently remodeled four-unit investment property ideally located beside Emory & Henry University in beautiful Southwest Virginia. Offering approximately 1,988 square feet on nearly half an acre, this property presents an excellent opportunity for investors seeking a turnkey income-producing property in a desirable location. The building features four thoughtfully designed apartments, each offering a private bedroom, full bathroom, and comfortable kitchen/living area. Each unit is equipped with its own mini-split system for year-round comfort, while a convenient laundry center serves the property. Designed with professionals in mind, the property offers a peaceful setting while being within easy walking distance of the university, post office, medical offices, and local dining. Tenant rent includes electric, internet, water, sewer, and lawn maintenance, creating a convenient rental experience and an attractive income opportunity for ownership. The property sits on approximately 0.47 acres with a large parking area and a combination of level and gently rolling terrain. Additional features include a deck, attached parking, public water and sewer, laminate flooring, updated interiors, and a metal roof. Location is another major advantage. The property is just minutes from Interstate 81, Historic Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail, providing residents with easy access to employment, education, recreation, and regional amenities.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9991031
Fireplaces1
Lot Dimensions89x200x115x202
City Taxes$0
County Taxes$884.94
Elementary SchoolMeadowview
Middle SchoolGlade Spring
High SchoolPatrick Henry
Features & Amenities
Interior
Block Basement
Brick Fireplace
Dryer
Drywall Walls
Electric Dryer Hookup
Insulated Windows
Laminate Flooring
Laundry
Living Room Fireplace
Range
Refrigerator
Remodeled
Two-Level
Washer
Washer Hookup
Exterior
Attached
Block Foundation
Brick Exterior
Cleared Lot
Deck
Gravel
Level Lot
Metal Roof
Rolling Slope Lot
T1-11 Exterior
Traditional
Other
Above Average Condition
Cable Connected
Cable TV
Electric
Electricity Connected
Lawn Maint
Public Sewer
Public Water
Repairs and Maint
Sewer Connected
Survey
Taxes Real Estate
Updated/Remodeled Condition
Waste
Water Connected
Water/Sewer
Directions
Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
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Additional Information
ACSee RemarksYesContract InfoForeclosureNoEasementsNoneYesGeneral Property Description# Buildings1# of Units4HOANoHome WarrantyNoSenior CommunityNoStories2Total Units4ZoningVIllageHeatingSee RemarksYesIncome and ExpensesGross Annual Income56,400Location Tax Legal InfoBlock2Deed Book #250,003,273Deed Page #250,003,273Lot #3Structure TypeHouseYesMulti FamilyYesUnit 1# Bathrooms1# Bedrooms1# Rooms3# Units4Monthly Rent1,200SqFt489Unit 2# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,300SqFt671Unit 3# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,100SqFt385Unit 4# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,100SqFt443
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