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Edward Yancey

edyanceyrealtor@gmail.com +1(540) 849-9429

$ 559,000

Est. payment -/mo

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Active

11947 LEE HWY Sperryville, VA

1,260 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,260 sqft

Price per Sqft $443

MLS Listing ID VARP2002446

Style Cottage

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,149

Tax Year 2022

Lot Size 1.370 Acres

Acres 1.37

Property Sub-Type Quadruplex

Property Description

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing to lease unused spaces, bringing rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.

Location

State VA

County Rappahannock

Direction Rte 211 South (Lee Hwy) towards Shenandoah National Park. Property is on the right in the village.

Interior

Heating Electric, Heat Pump

Fireplace No

Exterior

Utilities Available Propane

Water Access Desc Private,Well

Roof Type Composition,Metal,Other,Shingle,Wood

Building

Foundation Stone

Sewer Public Sewer

Water Private, Well

New Construction No

Schools

Elementary Schools None

Others

Tax ID 38A 1 5

Acceptable Financing Private Financing Available

Listing Terms Private Financing Available

Listed by Cheri Woodard Realty