$275,000

Est. payment -/mo

$275,000

Est.Price: ?

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188 W. Main Str WEST MAIN ST #1-6 Monterey, VA 24465

3,360 SqFt

SOLD DATE : 10/30/2024

Key Details

Sold Price $275,000

Property Type Commercial

Sub Type Building

Listing Status Sold

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $81

MLS Listing ID 649764

Sold Date 10/30/24

HOA Y/N No

Annual Tax Amount $1,481

Tax Year 2024

Property Sub-Type Building

Property Description

Great location in Monterey on Rt. 250. This 6 unit apartment building has 4 tenants at the time of listing. Current Rent is $1,500 total on the 4 units that are occupied. When all 6 are occupied the rent total was $2,435.00 Electric Baseboard heat, city water, city sewage. Washer/Dryer, Stove, Microwave, Fridge included. Unit #1 is 2 Bedroom 1 Bath all appliances included. Unit #2 is a 1 Bedroom/Office currently has a tenant that is a nail technician. Unit #3 is a 1 Bedroom/Office currently has a tenant that is a dog groomer. Unit #4 is a 2 Bedroom Appt No Washer Unit #5 is a 2 Bedroom Appt and needs some work. #5 is directly behind #1 and could easily be combined into a large office. Unit #6 is a 1 Bedroom current tenant has all appliances. Public Tax Record says total 3,360 sq ft. on the entire building Possible Owner Financing

Location

State VA

County Highland

Zoning B-2 General Business

Direction From 220, 220 north to 250, west to downtown Monterey. Units are on the West side of town, across from Summit Bank and next to The Curly Maple.