Excellent Rental Income Now & Future Development Potential!

1405 Satterfield Drive, Emporia, VA 23847 | 8 Bed, Multi-Family Home For Sale By Owner

Listing ID 23719955 | Updated 34 days ago

$265,000
For Sale
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1405 Satterfield Drive
Emporia, VA 23847
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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:Greensville County 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 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.

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Mike
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