166 Warner Myers Rd - Apartments FOR SALE


Pennington Gap, VA 24277
$259,000 USD
865-567-9577

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$259,000 USD
Apartments - FOR SALE
null | Request Cap Rate

166 Warner Myers Rd
Pennington Gap, VA 24277


HIGHLIGHTS

  • Six-unit multifamily apartment building providing diversified rental income.
  • Approximately 4,620 square feet of residential improvements.
  • Located in Pennington Gap, the county seat of Lee County, Virginia.
  • Access to U.S. Route 58 and U.S. Route 421 supports regional connectivity.
  • Opportunity for investors seeking cash flow from a stabilized multifamily asset in a limited-supply market.
  • Located within the Appalachian Highlands region of Southwest Virginia.

OVERVIEW

Income-producing multifamily assets of this size rarely become available in the Lee County market. This 6-unit apartment building presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and the stability that comes with multiple income streams. Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers the scale to generate consistent rental income while reducing vacancy risk through diversified units. With six separate rental opportunities under one roof, investors can benefit from stronger cash flow potential than traditional single-family rentals. Conveniently located in Pennington Gap, the property offers easy access to local employers, schools, shopping, and everyday amenities, helping support continued tenant demand. As rental inventory remains limited throughout the region, well-positioned multifamily properties continue to be among the most sought-after investment opportunities. Opportunities like this don't stay on the market long. Add a proven income-producing asset to your portfolio, capitalize on the growing demand for quality rental housing, and position yourself for both immediate returns and long-term wealth creation. Schedule your private tour today and discover why multifamily investing remains one of the strongest paths to building lasting real estate wealth.

FOR SALE DETAILS

PRICE

$259,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

6

PRICE/UNIT

$43,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

23E-(56)-4A

ASK ABOUT THIS PROPERTY

D.J WilderCentury 21 Virginia Wilder Real EstateMore Info
865-567-9577

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D.J WilderCentury 21 Virginia Wilder Real EstateMore Info
865-567-9577

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