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- LoopNet Team
5539 Highway 58
Buffalo Junction, VA 24529
Clarksville Storage & Rentals · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Location, location, location!
- 24 boat or large personal storage units
- 11 apartments,
PROPERTY FACTS
| No. Units | 11 | Lot Size | 4.22 AC |
| Property Type | Multifamily | Building Size | 14,180 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1954 |
| Building Class | C | ||
| Zoning | B1 - Neighborhood Business | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.22 AC |
| Building Size | 14,180 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Zoning | B1 - Neighborhood Business |
ABOUT 5539 HIGHWAY 58 , BUFFALO JUNCTION, VA 24529
Cash flow positive mixed-used property on over 4 acres outside the lake town of Clarksville, VA. Generates over $6000/ month in rental income, with room to grow! Property has 10 efficiency apartments, a spacious 1 bedroom apartment, & 24 boat or large personal storage units. Storage Units are 12X30 ft & 12X38 ft- in great shape & low maintenance. Most units have been occupied by the same renters for years. Apartments are in a converted motel & occupied by long-term tenants who pay on time. Most units have been redone within the last few years & are easy to rent. Some interior & exterior work still needed. Septic inspected Sept. 2022 & in good standing. Currently managed by an excellent management company. Priced to cover mortgage, regular operating expenses, & still generate monthly cash. Part of an estate settlement, therefore being sold as-is.
PROPERTY TAXES
| Parcel Number | 11306 | Improvements Assessment | $223,800 |
| Land Assessment | $105,500 | Total Assessment | $329,300 |
PROPERTY TAXES
