Excellent Rental Income Now & Future Development Potential!

$265,000

1405 Satterfield Drive, Emporia, VA 23847

  • 8 Beds
  • 3,300 Sqft
  • 6 Baths
  • Multi-family
  • Listing ID 23719955

Excellent Rental Income Now & Future Development Potential!

$265,000

1405 Satterfield Drive, Emporia, VA 23847

  • 8 Beds
  • 3,300 Sqft
  • 6 Baths
  • Multi-family
  • Listing ID 23719955

Description

Four Unit Brick/Vinyl Apartment Building. Each unit has two bedrooms. Center units have 1 1/2 baths and fireplaces. Each unit has private deck. Central AC/Gas heat for each unit. Refrigerators and stoves convey. New vinyl and carpet flooring throughout. Excellent tenant history. Fully rented with leases in place. 14' x 24' support storage building in rear. Approximately 1/2 Acre pond in wooded rear portion of property. Priced way below Assessed Value, this property has a tremendous development potential for the right buyer. Plenty of room for additional multi-family development ( would require rezoning), or front acreage could be developed into 6-8 additional single family lots with the construction of 175-200 feet of roadway. Lots in this area have a selling value of approximately $25,000 each. Public water and sewer service is available at the site, although this building is connected to a deep well and has a working septic system in place.

Listing Facts

Interior Features

  • 2 Stories
  • 3,300 sqft
  • Bedrooms: 8
    Bathrooms: 6
  • Floor Coverings
    • Carpet

Exterior Features

  • Built in 1988
  • Structure Type Multi-Family
  • Lot Size 174,240 sqft

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Contact the seller.

Contact the seller
    • Mike
    • 434 637-1413
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