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Excellent Investment/Development Potential!

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Listing ID 23719955 | Posted in the last 30 days

$280,000
For Sale

1405 Satterfield Drive
Emporia, VA 23847

8 beds, 6 baths
Multi-Family

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Mike
Primary
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Bedrooms:8 Bathrooms:6 Floors:2.0 Square Footage:3300

Year Built:1988 School District:N/A Garage Size:0.0 Lot Size:4.70 Acre(s)

Amenities:Fireplace, Central AC, Carpeted Floors, Appliances Included, Central Heating, Deck/Porch

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 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.

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Mike
Primary
Also try 434 634 -3067

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