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201 South 5th Street

Big Stone Gap VA 24219
MLS #9995231 · Listing Courtesy of Park Hill Realty Group, LLC
$149,000
Active
0.2
Acres
9999
Built
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Photo of 201 South 5th Street, Big Stone Gap, VA 24219
Property Description
Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities. This unique income-producing property currently generates approximately $2,000 per month and features: * Commercial storefront space with a long-term tenant in place * Three 1-bedroom apartments * One 2-bedroom apartment * Additional large storage area with the potential to be converted into another income-producing unit One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value. With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9995231
Lot Dimensions0.2
City Taxes$501.16
County Taxes$785.91
Elementary SchoolUnion
Middle SchoolUnion
High SchoolUnion
Features & Amenities
Electric Heating
Level Lot
One-Level
Public Water
Vinyl Siding Exterior
Window Unit(s)
Directions
From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet
  • Additional Information
    Contract Info
    ForeclosureNo
    Easements
    NoneYes
    General Property Description
    # Buildings1
    # of Units6
    HOANo
    Total Units6
    ZoningGB
    Structure Type
    QuadruplexYes
    Style
    OtherYes
    Unit 1
    # Bedrooms1
    Unit 2
    # Bedrooms1
    Unit 3
    # Bedrooms1
    Unit 4
    # Bedrooms2
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