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201 5th ST Big Stone Gap, VA 24219
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9995231
Style Other
HOA Y/N No
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0.2
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities.
This unique income-producing property currently generates approximately $2,000 per month and features:
* Commercial storefront space with a long-term tenant in place
* Three 1-bedroom apartments
* One 2-bedroom apartment
* Additional large storage area with the potential to be converted into another income-producing unit
One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value.
With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
This unique income-producing property currently generates approximately $2,000 per month and features:
* Commercial storefront space with a long-term tenant in place
* Three 1-bedroom apartments
* One 2-bedroom apartment
* Additional large storage area with the potential to be converted into another income-producing unit
One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value.
With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
Location
State VA
County Wise
Area 0.2
Zoning GB
Direction From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet
Interior
Heating Electric, Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Topography Level
Building
Entry Level One
Water Public
Architectural Style Other
Structure Type Vinyl Siding
Schools
Elementary Schools Union
Middle Schools Union
High Schools Union
Others
Senior Community No
Tax ID 000218
Listed by Robert Smith • Park Hill Realty Group, LLC
Nearby Locations