108 Kitten Lane, Rural Retreat, VA 24368
108 Kitten Lane, Rural Retreat, VA 24368
108 Kitten Lane, Rural Retreat, VA 24368
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Jamie Crews

Jamie Crews

+1(304) 887-7541
Listed by BHHS- Mountain Sky Properties, Wytheville
$650,000
Est. payment /mo
16 Beds
4 Baths
10,000 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $65

Subdivision Rural Retreat

MLS Listing ID 109883

Bedrooms 16

Year Built 1970

Annual Tax Amount $2,467

Tax Year 2025

Lot Size 3.680 Acres

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity with strong existing cash flow and room to grow. This 3.86-acre multi-family property features a total of 7 income-producing units plus 2 additional tenant-owned mobile homes providing lot rent income. The property includes two duplexes totaling four 2-bedroom, 1-bath units, along with three mobile homes consisting of two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. All units are individually metered with public water and sewer already in place, making management efficient and straightforward. Current gross annual income is approximately $73,800 with an NOI of approximately $66,105. Situated directly on Route 11, the location offers excellent accessibility, just 3 minutes from Exit 60 off Interstate 81 and only 10 minutes from Wytheville. The expansive acreage provides a tremendous opportunity for future development or expansion, with plenty of additional space for more units or improvements. Whether you're looking to expand your portfolio with a stabilized income-producing asset or seeking a property with long-term development potential, this versatile multi-family package offers both immediate returns and future upside.

Location

State VA

County Wythe

Area Rural Retreat

Zoning R

Rooms

Basement Crawl Space

Interior

Heating Heat Pump

Cooling Central Air

Flooring Laminate, Vinyl

Fireplaces Type None

Window Features Insulated Windows,Vinyl

Appliance Range, Refrigerator

Laundry Main Level

Exterior

Parking Features Gravel

Fence Fenced

Utilities Available Natural Gas Available

Waterfront Description None

View Y/N No

Water Access Desc Public

Roof Type Shingle

Garage No

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Rural Retreat

Middle Schools Rural Retreat

High Schools Rural Retreat

Others

Acceptable Financing a202db2b40b1722308cc88ca353025a9

Listing Terms a202db2b40b1722308cc88ca353025a9

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