multiFamily

5918-6050 N Lee 11 Highway, Fairfield Va 24435
  • $595,000
  • MLS #:133325


Square Ft:
  • 10,410 finished
  • 0.00 unfinished
Neighborhood:
  • None

Property Type: multiFamily
Area: Rockbridge
Year Built: 1930
Design: Other (Use Remarks)
Cooling: Central, Heat Pump, None
Heating: Baseboard Electric, Forced Air, Gas, Oil
Basement: None
Annual Taxes: 3917.20
Tax Year: 0
Directions: From Lexington, I-81 N to Exit 200. Right off exit ramp onto Sterrett Rd. North on U.S. 11 for 0.5 miles to properties on right.
First Floor Master Bedroom: Other (Use Remarks)
Conservation Easement: No
Deed Book: See Deeds
Elementary School: Fairfield
Middle School: Maury River
High School: Rockbridge Co
Historic: No
Plat: Yes
POA: No
Road Maintenance Agreement: No
Rooms: 17
Subdivision? No
Tax Map #: 39-9-2; 39-9-1A; 39-9-1; 39-A-54A
Tax Rate: $0.70/100
Zoning: Agricultural
Lot #: Other (Use Remarks)
Average Rental: 501 - 600
Parking: Lot
Rental Type: Other (Use Remarks)
Road Surface: Paved
INVESTMENT OPPORTUNITY: 17-unit affordable housing rental portfolio centrally located in Fairfield, VA at I-81 exit 200 provides strong cash flow and high occupancy with $90,300 of in-place annual revenue and $102,600 of annual revenue when fully leased. Four separate tax map parcels total almost 8 acres with long frontage on U.S. Rt. 11. Priced aggressively to sell.

Updated: 8/31/18
Courtesy of
James Wm Moore Real Estate