134/190 Galilee Church Road, Wytheville, VA 24382
sale
$525,000
|
Other
Courtesy Of Short Way Real Estate, Inc.
RARE INVESTMENT OPPORTUNITY - 8.29 ACRES WITH INCOME POTENTIAL......Looking for cash flow with upside potential? This unique property features 10 mobile homes and 1 house on over 8 acres just outside the town limits, currently being used for a large family. The property includes town water,8 septic systems with 4 leech fields worth over $85,000 alone(Health Dept. has all the paperwork showing where they are located along with the water lines.)They all have individual electric meters, and there are 4 additional outbuildings(sheds) that convey - all the infrastructure is already in place. What makes this special is the flexibility. Some of the units are occupied and and can produce income right now, while others are gutted and can be remodeled as trailers or new trailers put in their place or can be ready to be converted into profitable storage units or workshops. The property sits outside town limits, meaning fewer restrictions, and lower taxes, but you still have the convenience of town water. There is existing fencing perfect for animals or livestock, making this ideal for someone wanting multiple income streams from one property. Along the back of the property you will find fruit trees, raspberry, blackberry, figs, grapes and blueberries. the red house is a new construction with new electric and plumbing. There is 2 new powerful septic pump grinders on the property and the septic tanks were pumped less than 2 years ago. All the occupied homes have new hot water heaters. Owners are a large family group and are actively searching for something else; so there is a contingency that they find something; but will be willing to work with the New Owners.
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Property Features
- Age: 41-50 Years Old
- Amenities: Cable Ready
- Exterior Type: Metal Siding
- Exterior Type: Steel Frame
- Legal Description: Hidden Valley Trailer Park
- MLSID: 100756
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