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$ 1,000,000
Est. payment /mo
Active
207 Diagonal AVE Coeburn, VA 24230
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $100
MLS Listing ID 9990157
HOA Y/N No
Total Fin. Sqft 10000
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions See acreage
Source Tennessee/Virginia Regional MLS
Property Description
Excellent investment opportunity featuring four separate structures with immediate income and significant upside potential. Additional properties are located at 225 2nd avenue, 402 Queen Street, and 710 Lynncrest. This portfolio includes a brick quadplex that is fully rented, providing steady cash flow from day one. Also included is a large downtown building offering a storefront space in need of renovation, presenting an ideal value-add opportunity, along with a 3-bedroom apartment that is currently rented. A second quadplex is partially occupied with 3 of 4 units rented, and a newer duplex with both units rented adds modern appeal and stability to the income stream. Rents across the properties have not been increased in quite some time, offering strong potential for future growth through rent adjustments and improvements. With multiple income-producing assets and room to add value, this is a rare opportunity for investors seeking both immediate returns and long-term upside.taxes are approximate, as tax rate hasn't yet been determined for new assessment
Location
State VA
County Wise
Area 0.5
Zoning Commercial
Direction From front st, turn right on 2nd st left on diagonal
Interior
Heating Heat Pump
Cooling Heat Pump
Equipment None
Heat Source Heat Pump
Exterior
Roof Type Metal,Shingle,See Remarks
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding,See Remarks
Others
Senior Community No
Tax ID 005443
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Sarah Sawyers • REMAX Results Bristol