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Jeff Orr Arbella Collective

jeff.orr@joinreal.com +1(423) 564-2023

$ 499,900

Est. payment -/mo

Save

Active

31157 Princeton AVE Meadowview, VA 24361

1,988 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,988 sqft

Price per Sqft $251

MLS Listing ID 9991031

Style Traditional

HOA Y/N No

Year Built 1970

Lot Size 0.470 Acres

Acres 0.47

Lot Dimensions 89x200x115x202

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

Property Description

Welcome to The Wasp Nest, a unique and recently remodeled four-unit investment property ideally located beside Emory & Henry University in beautiful Southwest Virginia. Offering approximately 1,988 square feet on nearly half an acre, this property presents an excellent opportunity for investors seeking a turnkey income-producing property in a desirable location. The building features four thoughtfully designed apartments, each offering a private bedroom, full bathroom, and comfortable kitchen/living area. Each unit is equipped with its own mini-split system for year-round comfort, while a convenient laundry center serves the property. Designed with professionals in mind, the property offers a peaceful setting while being within easy walking distance of the university, post office, medical offices, and local dining. Tenant rent includes electric, internet, water, sewer, and lawn maintenance, creating a convenient rental experience and an attractive income opportunity for ownership. The property sits on approximately 0.47 acres with a large parking area and a combination of level and gently rolling terrain. Additional features include a deck, attached parking, public water and sewer, laminate flooring, updated interiors, and a metal roof. Location is another major advantage. The property is just minutes from Interstate 81, Historic Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail, providing residents with easy access to employment, education, recreation, and regional amenities.

Location

State VA

County Washington

Area 0.47

Zoning VIllage

Direction Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.

Rooms

Basement Block

Interior

Interior Features Remodeled

Heating See Remarks

Cooling See Remarks

Flooring Laminate

Fireplaces Number 1

Fireplaces Type Brick, Living Room

Fireplace Yes

Window Features Insulated Windows

Appliance Dryer, Range, Refrigerator, Washer

Heat Source See Remarks

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Attached, Gravel

Utilities Available Electricity Connected, Sewer Connected, Water Connected, Cable Connected

Roof Type Metal

Topography Rolling Slope, Level, Cleared

Porch Deck

Building

Story 2

Entry Level Two

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 2

Structure Type Brick,T111

New Construction No

Schools

Elementary Schools Meadowview

Middle Schools Glade Spring

High Schools Patrick Henry

Others

Senior Community No

Tax ID 068a2 4 2 3

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Robin Bise • Robin's Nest Realty, LLC

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Phone

+1(423) 564-2023

jeff.orr@joinreal.com

Address

Mailing: 1805 W State of Franklin Rd, Ste 900, Johnson City,TN / Brokerage: 7121 Regal Lane, Ste 215, Knoxville, TN 37918 844-591-7325