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$ 179,000
Est. payment /mo
Pending
110 Merifield RD Willis, VA 24380
2,088 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $85
MLS Listing ID 422256
Year Built 1975
Annual Tax Amount $504
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Commercial
Property Description
Make an investment into a cash flowing rental property! Remodeled and updated this property offers 2 units, proven cash flow and is 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
Area Floyd County
Interior
Heating Ductless / Mini Split
Cooling Wall Unit(s)
Heat Source Ductless / Mini Split
Exterior
Roof Type Metal
Building
Sewer Septic
Water Well
Schools
Elementary Schools Willis
Middle Schools Other
High Schools Floyd County
School District Floyd
Listed by UC/Blue Ridge Land & Auction
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