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Executive Summary

Great Tri-plex investment opportunity located just outside of Independence, Va. Each unit is a 2 bed 1 bath furnished with a stove and fridge. Tenants are responsible for their own water, sewer, and power. Apt A has a new mini split and is leased for 750/month. Apt B has central heating and is rented at 725/month. Apt C has a recently added heat pump, a newer roof, and is currently rented at 750/month. Less than 3 minutes to town, very close to local hardware stores, shopping, and dining. This property currently has a gross annual income of $26,700. Call today and don't miss a chance to own this income producing property!

Property Facts

Price $219,000
Price Per Unit $73,000
Sale Type Investment
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Building Size 3,181 SF
No. Stories 1
Year Built 1940
Opportunity Zone Yes
Zoning RES

Amenities

Unit Amenities

  • Refrigerator
  • Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 - -
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
73A7-A-4
Land Assessment
$25,000
Improvements Assessment
$87,000
Total Assessment
$112,000
  • Listing ID: 39108162

  • Date on Market: 1/16/2026

  • Last Updated:

  • Address: 1165 N Independence Ave, Independence, VA 24348

Contact the Sale Advisor

1165 N Independence Ave - 1165 N Independence Ave Independence, VA 2434

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