Rental Investment

5198-6050 North Lee Hwy Fairfield VA 24435  |  Rockbridge County, VA
  • $595,000
  • 7.8 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: 133325
Irrigated: No
Residence: No
Property ID: 8825737

Property 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.

Property consists of the 9-unit converted Cavalier Motel on 1.525 acres offering one bedroom and efficiency apartments, 5918 N Lee Hwy consisting of two mobile homes and a five bedroom/three bath home on 1.934 acres, and the B&W Cabins, which features a total of five additional units in two duplexes and one home on 4.356 acres.

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Will Moore

James Wm. Moore Real Estate Co

(540) 463-7080 (work)
(540) 460-4602 (mobile)

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Will Moore

James Wm. Moore Real Estate Co

(540) 463-7080 (work)
(540) 460-4602 (mobile)

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