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31157 Princeton Avenue
Meadowview VA 24361
MLS #9991031 · Listing Courtesy of Robin's Nest Realty, LLC
$499,900
Active
0.47
Acres
1970
Built
Property Description
Rare investment opportunity beside of Emory and Henry University, a small prestigious, private school in the beautiful mountains of Southwest Virginia. This former E & H home has been newly remodeled into a four unit apartment building with laundry center. The Wasp Nest is designed for Professional and/or Emory Students to enjoy quiet, peaceful living. Rent on each unit includes electric, internet, water, sewer, and mowing. Walk to class, the post office, medical office, restaurant, and all the University has to offer with its many athletic and academic functions. This property has almost half an acre with a large parking area for tenants. Each apartment is thoughtfully designed with kitchen/lr combo, bedroom and bathroom. A mini split is in each unit for comfort year round. This apartment unit is minutes away from I-81, Historic Abingdon, Bristol, The Virginia Creeper Trail, and Appalachian Trail.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9991031
Fireplaces1
Lot Dimensions89x200x115x202
City Taxes$0
County Taxes$884.94
Elementary SchoolMeadowview
Middle SchoolGlade Spring
High SchoolPatrick Henry
Features & Amenities
Above Average Condition
Attached
Block Basement
Block Foundation
Brick Exterior
Brick Fireplace
Cable Connected
Cable TV
Cleared Lot
Deck
Dryer
Drywall Walls
Electric
Electric Dryer Hookup
Electricity Connected
Gravel
Insulated Windows
Laminate Flooring
Laundry
Lawn Maint
Level Lot
Living Room Fireplace
Metal Roof
Public Sewer
Public Water
Range
Refrigerator
Remodeled
Repairs and Maint
Rolling Slope Lot
Sewer Connected
Survey
T1-11 Exterior
Taxes Real Estate
Traditional
Two-Level
Updated/Remodeled Condition
Washer
Washer Hookup
Waste
Water Connected
Water/Sewer
Directions
Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
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Additional Information
ACSee RemarksYesContract InfoForeclosureNoEasementsNoneYesGeneral Property Description# Buildings1# of Units4HOANoHome WarrantyNoSenior CommunityNoStories2Total Units4ZoningVIllageHeatingSee RemarksYesIncome and ExpensesGross Annual Income56,400Location Tax Legal InfoBlock2Deed Book #250,003,273Deed Page #250,003,273Lot #3Structure TypeHouseYesMulti FamilyYesUnit 1# Bathrooms1# Bedrooms1# Rooms3# Units4Monthly Rent1,200SqFt489Unit 2# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,300SqFt671Unit 3# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,100SqFt385Unit 4# Bathrooms1# Bedrooms1# Rooms3# Units1Monthly Rent1,100SqFt443
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