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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 22740

4 Beds

3 Baths

1,260 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,260 sqft

Price per Sqft $443

MLS Listing ID VARP2002456

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 1,260

Year Built 1900

Annual Tax Amount $2,149

Tax Year 2022

Lot Size 1.370 Acres

Acres 1.37

Property Sub-Type Detached

Property Description

SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. Live in one unit and receive rental income from the rest! A very rare offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale as 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 unused spaces, bringing current 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 (toward National Park) on the right, in the village of Sperryville.

Rooms

Main Level Bedrooms 4

Interior

Heating Central, Electric, Propane

Cooling Central Air, Ductless, Window Unit(s)

Flooring Wood

Fireplace No

Exterior

Pool None

Utilities Available Cable Available, Propane

Water Access Desc Private,Well

Roof Type Metal,Other,Shingle,Wood

Road Frontage Public Road

Garage No

Building

Foundation Slab, Stone

Sewer Public Sewer

Water Private, Well

Level or Stories Two

New Construction No

Schools

Elementary Schools None

Middle Schools Other

Others

Tax ID 38A 1 5

Acceptable Financing Assumable, Cash, Private Financing Available

Listing Terms Assumable, Cash, Private Financing Available

Listed by Cheri Woodard Realty