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- LoopNet Team
2355 Gardner St
Elliston, VA 24087
Income Producing Rental Properties · Multifamily Property For Sale · 8,000 SF
Investment Highlights
- two mobile home lots rented, 7 mobile homes, and two apartments occupied and rented
- Property currently brings in $7,425 per month with a potential of $2,000 more
- a home and 5 mobile home lots
PROPERTY FACTS
| No. Units | 10 | Building Size | 8,000 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1950 |
| Lot Size | 2.22 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1950 |
About 2355 Gardner St , Elliston, VA 24087
You have the opportunity to purchase a great investment property located in Elliston VA. There are currently two mobile home lots rented, 7 mobile homes, and two apartments occupied and rented. Additionally, there is a home and 5 mobile home lots that are vacant that could be rented for mobile home lots. Refer to bidder pack for rental information. There are two wells that serve rental units and two septic tanks. Montgomery county PSA pumps tanks and wastewater goes to town sewer. Refer to rent roll information in bidder pack for more information on rents and status of rentals. Total acreage is 6.578 Ac +/-. Which consists of 2 tax parcels and a portion of another. 2.075, 3.54, and .963. 3.54 Acre tract has two separate zonings. The 2-bedroom home on .963 +/- portion is not rented. Some updates are required before renting. Acreage calculated by public record and estimate for .963 AC +/- portion. Seller will have survey completed prior to closing. Sale will be subject to seller confirmation and county approval of .963 Ac lot. Property is in flood zone. Flood insurance policy on 2 bedroom home and duplex is $700 per year. Property currently brings in $7,425 per month with a potential of $2,000 more. If you are looking for a great investment property in Montgomery County VA, this mobile home park for sale is an excellent opportunity! Conveniently located to Roanoke, Salem, Blacksburg and Christiansburg VA. *** The two bedroom home is in need of work before it's available for rent. Approximately $5,000 needed for kitchen counters and cabinets. *** Leases have Water and Septic fees totaling $300 from renters, and $50 pet fee from Apt. A. Owner currently pays approximately $60 per month electric for well pumps and $120 per month for sewer. Renters pay their own electric. DIRECTIONS – From I81 Exit 128 – Right on Rt 11 / 460 E for 12 miles – Left on Gardner St. Property on Left in .6 mi.
PROPERTY TAXES
| Parcel Number | 000637 | Improvements Assessment | $327,600 |
| Land Assessment | $83,000 | Total Assessment | $410,600 |
PROPERTY TAXES
zoning
| Zoning Code | A1 |
| A1 |
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