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$ 179,000
Est. payment /mo
Pending
110 Merifield RD NW Willis, VA 24380
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Municipality From the Town of Floyd - Floyd Hwy S - after passing the Willis Village Mart the property will be on the right at the intersection of Merifield Rd
MLS Listing ID 911280
Year Built 1975
Annual Tax Amount $6,245
Lot Size 6,098 Sqft
Property Sub-Type Investment
Property Description
Make an investment into a cash flowing rental property! Remodeled and updated this property offers 2 units, proven cash flow andis currently occupied with tenants who are on a month to month and agreeable to stay! Approximately 2,088 sq ft encompasses the entire structure.The lower unit features 1 BDR & BTH with an enclosed rear porch. Upper unit offers 2 BDR & 1 BTH. Split units supply both heat and air to each individual unit. Exterior of the building was remodeled in 2021 and interior completed in 2022. Larger well pump installed in 2023. Since remodel completion, the units have been consistently occupied by tenants making this a proven cash flow investment. The property cash flows approximately$24,600 annually. Property is located less than a half hour drive to Floyd and Hillsville VA
Location
State VA
County Floyd County
Direction From the Town of Floyd - Floyd Hwy S - after passing the Willis Village Mart the property will be on the right at the intersection of Merifield Rd
Interior
Heating Other - See Remarks
Listed by U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Nearby Locations