1523 Kentucky Ave SE - Apartments FOR SALE


Norton, VA 24273
$250,000 USD
276-492-3839
1523 Kentucky Ave SE, Norton, VA for Sale
$250,000 USD
Apartments - FOR SALE
1/1
null | 4.82% Cap Rate

1523 Kentucky Ave SE
Norton, VA 24273


HIGHLIGHTS

  • Income-producing

OVERVIEW

This investment property offers the owner an income stream from two apartments, and a manufactured home, with additional unoccupied commercial space that can be used as a rental or for owner/occupant use. One apartment is 1,100 sq/ft and the other is 850 sq/ft with a two-car carport attached. The manufactured home is 1,152 sq/ft. Conveniently located on Kentucky Avenue in the Ramsey section of Norton, VA. Just .3 mile from the intersection of U.S. 58-A, and from there, only 1.7 mile to the intersection of U.S. 23 to Big Stone Gap – south, or Wise and Kentucky – north. The commercial space includes 2,000 sq/ft of interior office space, storage space, and a one vehicle bay garage. Ideal for retail office or wholesale uses. Current lease agreements and income & expenses are available. This property has been kept in good condition and offers the buyer many advantages for ownership benefits. Contact us for more information and all questions that you may have.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

3

PRICE/UNIT

$83,333

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,831 SF

ZONING

B-3

APN/PARCEL ID

232N-0783

ASK ABOUT THIS PROPERTY

Fred McClellan, CCIMVirginessee Real Estate ConsultantsMore Info
276-492-3839

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Fred McClellan, CCIMVirginessee Real Estate ConsultantsMore Info
276-492-3839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.