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201 South 5th Street, Big Stone Gap, VA 24219 - $149,000

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Blue Ridge Properties Listing

201 South 5th Street, Big Stone Gap, VA 24219 (MLS #9995231)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9995231

Lot Acreage: 0.20000

Living Area: 0

Year Built:9999

Elementary School: Union

Middle School: Union

High School: Union

Public Remarks: Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities. This unique income-producing property currently generates approximately $2,000 per month and features: * Commercial storefront space with a long-term tenant in place * Three 1-bedroom apartments * One 2-bedroom apartment * Additional large storage area with the potential to be converted into another income-producing unit One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value. With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!

Listing Courtesy:Park Hill Realty Group, LLC

More Listing Info:

AC:Window Unit(s): true

Contract Info:Foreclosure: No

Easements:None12: true

Exterior Finish:Vinyl Siding: true

General Property Description:# Buildings: 1

General Property Description:# of Units: 6.0

General Property Description:Acres: 0.2

General Property Description:Elementary School3: Union

General Property Description:High School3: Union

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 0.2

General Property Description:Middle School2: Union

General Property Description:Total Units: 6

General Property Description:Zoning2: GB

Heating:Electric: true

Levels:One: true

Location Tax Legal Info:City Taxes: 501.16

Location Tax Legal Info:County Taxes: 785.91

Remarks Misc:Directions3: From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet

Remarks Misc:Public Remarks7: Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities. This unique income-producing property currently generates approximately $2,000 per month and features: * Commercial storefront space with a long-term tenant in place * Three 1-bedroom apartments * One 2-bedroom apartment * Additional large storage area with the potential to be converted into another income-producing unit One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value. With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!

Structure Type:Quadruplex: true

Style:Other53: true

TopographyLot Description:Level2: true

Unit 1:# Bedrooms3: 1

Unit 2:# Bedrooms4: 1

Unit 3:# Bedrooms5: 1

Unit 4:# Bedrooms6: 2

Water:Public: true