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20802 Meadowbrook Drive, A, Abingdon, VA 24211 - $1,600,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Duplex MLS Number: 9978432
Living Area: 0 Lot Acreage: 0 Year Built: 2002
Elementary School: Abingdon Middle School: E. B. Stanley High School: Abingdon
Property Description
Investor Portfolio Opportunity - Abingdon, VA & Bristol, VA! Portfolio Includes: 20796 Meadowbrook (3/2.5), 20814 Meadowbrook (3/2.5), 20802 Meadowbrook (3/2.5), 20824 Meadowbrook (2/2.5) and 149 Leonard St Bristol VA (2/2) Exceptional opportunity to acquire a portfolio of five income-producing duplexes (10 total rental units) located in two strong rental markets: Abingdon, VA and Bristol, VA. Four duplexes located in the desirable Meadowbrook subdivision of Abingdon, VA. One duplex located near Downtown Bristol, VA. Nine of ten units are currently leased, offering immediate rental income. Unit mix includes three 3-bedroom, 2-bathroom buildings and two 2-bedroom, 2-bathroom buildings. Units offer spacious layouts with excellent tenant appeal and convenient locations near community amenities, shopping, and events This portfolio is well-positioned for both seasoned investors looking to expand and new investors seeking a solid, turnkey opportunity with long-term equity potential. Tenants are drawn to the charm and convenience of Meadowbrook as well as the walkability and downtown access in Bristol. Additional financials and rent roll available upon request. Do not disturb tenants. Showings available with acceptable offer or upon request with proper notice. Buyer/Buyers Agent to verify. ** PLEASE NOTE - units vary and interior photographs are taken from 1 unit.
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Finish:Brick4true
    Exterior Finish:Vinyl Sidingtrue
    General Property Description:# Buildings5
    General Property Description:# of Units10.0
    General Property Description:Acres0.35
    General Property Description:Elementary School3Abingdon
    General Property Description:High School3Abingdon
    General Property Description:HOA YNNo
    General Property Description:Home Warranty2No
    General Property Description:Lot Dimensions89x172
    General Property Description:Middle School2E. B. Stanley
    General Property Description:Senior Community YN3No
    General Property Description:Total Units10
    General Property Description:Zoning2r
    Heating:Heat Pump2true
    Levels:Onetrue
    Levels:Twotrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes1126.2
    Location Tax Legal Info:Unit #A
    Parking Features:Asphalt2true
    Property Condition:Above Averagetrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3Take Exit 14 toward Abingdon. Turn right onto Old Jonesboro Rd Turn left onto W Main St. Turn right onto Porterfield Hwy Turn right onto Meadowbrook Dr. Arrive at 20803 Meadowbrook Dr
    Remarks Misc:Public Remarks2Investor Portfolio Opportunity - Abingdon, VA & Bristol, VA! Portfolio Includes: 20796 Meadowbrook (3/2.5), 20814 Meadowbrook (3/2.5), 20802 Meadowbrook (3/2.5), 20824 Meadowbrook (2/2.5) and 149 Leonard St Bristol VA (2/2) Exceptional opportunity to acquire a portfolio of five income-producing duplexes (10 total rental units) located in two strong rental markets: Abingdon, VA and Bristol, VA. Four duplexes located in the desirable Meadowbrook subdivision of Abingdon, VA. One duplex located near Downtown Bristol, VA. Nine of ten units are currently leased, offering immediate rental income. Unit mix includes three 3-bedroom, 2-bathroom buildings and two 2-bedroom, 2-bathroom buildings. Units offer spacious layouts with excellent tenant appeal and convenient locations near community amenities, shopping, and events This portfolio is well-positioned for both seasoned investors looking to expand and new investors seeking a solid, turnkey opportunity with long-term equity potential. Tenants are drawn to the charm and convenience of Meadowbrook as well as the walkability and downtown access in Bristol. Additional financials and rent roll available upon request. Do not disturb tenants. Showings available with acceptable offer or upon request with proper notice. Buyer/Buyers Agent to verify. ** PLEASE NOTE - units vary and interior photographs are taken from 1 unit.
    Sewer:Public Sewertrue
    Structure Type:Duplex3true
    Style:Duplex2true
    TopographyLot Description:Slopedtrue
    Unit 1:# Bathrooms54.0
    Unit 1:# Bedrooms36
    Unit 1:# Half Baths2.0
    Unit 1:# Units2
    Unit 2:# Bathrooms44.0
    Unit 2:# Bedrooms46
    Unit 2:# Half Baths22.0
    Unit 2:# Units22
    Unit 3:# Bathrooms34.0
    Unit 3:# Bedrooms56
    Unit 3:# Units32
    Unit 3:Half Baths2.0
    Unit 4:# Bathrooms24.0
    Unit 4:# Bedrooms64
    Unit 4:# Units42
    Unit 4:Half Baths22.0
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
KW Bristol
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