Excellent investment opportunity in Hot Springs! This fully occupied 4-unit apartment building offers immediate rental income with potential for increased returns. Each spacious unit features 1 bedroom, 1 bathroom, over 900 square feet of living space, and separately metered electricity. Currently generating $2,650 per month ($31,800 annually), the property offers upside potential, with existing rents reportedly below market rates. Situated on approximately one acre, the property may also offer additional development opportunities toward the rear of the lot, subject to applicable zoning and approvals. Conveniently located near The Omni Homestead Resort and downtown Hot Springs, this income-producing property presents an attractive opportunity for investors seeking steady cash flow and long-term appreciation potential. A great addition to any investment portfolio!
Listed By
Agency Name: REAL BROKER LLC
Agency Phone: 855-450-0442
Shown By
Agency Title: Montague Miller & Co. Realtors
Agency Phone: 800.793.5393
Estimated Payment
$ 1,042.10 per month $798.98 Principal & Interest $138.42 Property Tax $104.71 Homeowner's Insurance
5656 Sam Snead Hwy | MLS# 683113
This multi-family property located at 5656 Sam Snead Hwy, Hot Springs, VA 24445 is currently listed for sale with an asking price of $359,000. Search Hot Springs real estate on www.montaguemiller.com today.