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Listing 4 out of 17
$595,000 For Sale

5918-6050 N Lee Highway
Fairfield, VA 24435

17 units | Multi Family Home
7.82 acres - MLS# 133325
Property Photo
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Description

INVESTMENT OPPORTUNITY: 17-unit affordable housing rental portfolio centrally located in Fairfield, VA at I-81 exit 200 provides strong cash flow and high occupancy with over $100,000 of annual gross potential rent when fully leased. Four separate tax map parcels total almost 8 acres with long frontage on U.S. Rt. 11. Priced aggressively to sell.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Active
  • County/Area: Rockbridge County
  • Zip Code: 24435
  • Year Built: 1930
  • Elementary School: Fairfield
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Sq.Ft.: 10,410 sq ft
  • Style: Other (Use Remarks)
  • Units: 17 units
  • Bedrooms: 29
  • Full Baths: 20
  • Half Baths: 2
  • Lot Size: 7.82 acres
  • Baths: 22
  • Zoning: NE, Agricultural
  • Average Rental: 501 - 600
  • Cooling: Central, Heat Pump, None
  • Exterior: Various
  • Floor: Various
  • Heat: Wood Stove, Baseboard Electric, Forced Air, Gas, Oil
  • Location: Inside Lot
  • Owner Expenses: Various
  • Parking: Lot
  • Rental Type: Other (Use Remarks)
  • Road Frontage: Us Highway
  • Road Surface: Paved
  • Roof: Various
  • Sewer: Existing Septic, Public Sewer
  • Water: Public Water, Well
  • Zone Remarks: At
Courtesy of James Wm Moore Real Estate
Wolletta Colonna
Colonna & Associates, Inc.
25 South Main Street
Lexington, VA 24450
Phone: 540-463-7157
Cell:     540-461-4000
Email: wolletta@colonnaassociates.com
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