102-114 Maple Lane, Kenbridge, VA 23944

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$918,500 Sold Price
Sold on 11/28/2023
 
Listing ID 11155633
Property Type Multi-Unit (5+)
County Lunenburg
School LUNENBURG CO PBLC SCHS
Tax ID 13417
FEMA Flood Map fema.gov/portal
Year Built 2020
   
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Seven Unit Apartment Complex in Kenbridge, Virginia

This is your opportunity to add this solid residential income property to your rental portfolio. The time has never been better to invest in Southside Virginia. FASTC in Blackstone, and CMH and Microsoft in South Hill are bringing people to the area and there is certainly a shortage of QUALITY rental units. This property is well-poised to be at the forefront of residential rentals in Lunenburg, Nottoway and Mecklenburg into the foreseeable future! This property consists of four walk-up units that were completed in 2016, and three flats that were completed in 2022. The units are approximately 1,100 square feet with two bedrooms and two bathrooms. The older structure has attached garages and both offer off-street parking. The site is just over a half an acre with trash pickup, public water and sewer from the Town of Kenbridge and electricity of Dominion. The property is professionally managed by local management firm. the property generates $7,575 per month. New construction of good quality and tenant-paid utilities provide for solid investment numbers. This property will be sold at auction. Listing price is opening bid. No pre-auction offers accepted.
Auction Details
  • Online Only Auction
  • Visit Auction Site
  • Location: https://bid.doublea.auction/ui/auctions/95821/10704855
  • Starts: Feb 21st 2023 8:00am
  • Ends: Apr 13th 2023 11:00am
Property Details
  • 14 Full Baths
  • 7 Half Baths
  • 7635 SF
  • 0.56 Acres
  • Built in 2020
  • Renovated 2022
  • 1 Story
  • Available 3/24/2023
  • Renovation: First building in 2016; second building in 2022
Interior Features
  • Hardwood Flooring
  • Forced Air
  • Electric Fuel
Exterior Features
  • Modular Construction
  • Vinyl Siding
  • Asphalt Shingles Roof
  • Attached Garage
  • 4 Garage Spaces
  • Municipal Water
  • Municipal Sewer
  • Deck
  • Enclosed Porch
  • Street View
  • Park View
Income/Expenses
  • Gross Income $90,600
  • Paid by Landlord: Insurance
Sale Information
  • Sold on 11/28/2023
  • Sold for $918,500
  • Buyer's Agent: William Austin
  • Company: Double A Auction & Realty
Previously Listed By
Double A Auction & Realty
Office: 434-294-6093
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