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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Multi Family | Sub Type: | Multi Family | MLS Number: | 9994996 |
| Living Area: | 0 | Lot Acreage: | 1 | Year Built: | 1962 |
| Elementary School: | Wise Elementary | Middle School: | L. F. Addington | High School: | Central (Wise, Va) |
Property Description
Investment opportunity in the heart of Wise! This 5-unit apartment complex sits on over an acre of land and offers incredible potential for investors looking to expand their portfolio or create long-term passive income. Conveniently located near UVA Wise, local schools, shopping, dining, and other amenities, this property is perfectly positioned to attract steady rental demand.
The property does need some TLC, making it an excellent value-add opportunity for the right buyer. One unit previously experienced a fire and will require rehabilitation, while one unit is currently occupied and producing income. With the remaining units ready for updates and improvements, the possibilities are endless for increasing rental income and overall property value.
Whether you're looking to renovate and maximize cash flow, create student housing, or hold as a long-term investment, this property offers location, acreage, and income potential all in one package. Don't miss your chance to bring this multi-family property back to life in one of Wise's most convenient locations!
Listing Status
Active
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More Listing Info
AC:Window Unit(s) true Contract Info:Foreclosure No Easements:None12 true Exterior Finish:Brick4 true Flooring:Laminate true General Property Description:Acres 1.2 General Property Description:Elementary School3 Wise Elementary General Property Description:High School3 Central (Wise, Va) General Property Description:HOA YN No General Property Description:Lot Dimensions 1.2 General Property Description:Middle School2 L. F. Addington General Property Description:Total Units 5 General Property Description:Zoning2 RB Heating:Electric true Location Tax Legal Info:City Taxes 580.91 Location Tax Legal Info:County Taxes 1379.31 Parking Features:Driveway true Remarks Misc:Directions3 From Inn at Wise. Turn left onto Birchfield RD. Make a left onto Dale ST. Property on left Remarks Misc:Public Remarks7 Investment opportunity in the heart of Wise! This 5-unit apartment complex sits on over an acre of land and offers incredible potential for investors looking to expand their portfolio or create long-term passive income. Conveniently located near UVA Wise, local schools, shopping, dining, and other amenities, this property is perfectly positioned to attract steady rental demand. The property does need some TLC, making it an excellent value-add opportunity for the right buyer. One unit previously experienced a fire and will require rehabilitation, while one unit is currently occupied and producing income. With the remaining units ready for updates and improvements, the possibilities are endless for increasing rental income and overall property value. Whether you're looking to renovate and maximize cash flow, create student housing, or hold as a long-term investment, this property offers location, acreage, and income potential all in one package. Don't miss your chance to bring this multi-family property back to life in one of Wise's most convenient locations! Roof:Metal3 true Sewer:Public Sewer true Structure Type:Multi Family true Style:See Remarks40 true TopographyLot Description:Level2 true Unit 1:# Bathrooms5 1.0 Unit 1:# Bedrooms3 2 Unit 1:SqFt6 3429 Unit 2:# Bathrooms4 1.0 Unit 2:# Bedrooms4 2 Unit 3:# Bathrooms3 1.0 Unit 3:# Bedrooms5 2 Unit 4:# Bathrooms2 1.0 Unit 4:# Bedrooms6 2 Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
Park Hill Realty Group, LLC
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