5918-5938 N Lee Highway, Fairfield Va 24435
- $449,000
- MLS #:139420
- 8units
- 10,323sq ft
- 6.29acres
Square Ft:
- 10,323 finished
- 0.00 unfinished
Neighborhood:
- None
Property Type: multiFamily
Area: Rockbridge
Year Built: 1930
Design: Detached Units
Cooling: Central, None
Heating: Baseboard Electric, Oil
Annual Taxes: 3021.44
Tax Year: 0
Directions: From Lexington, I-81 N to Exit 200. Right off exit ramp onto Sterrett Rd. N on U.S. Rt. 11 for 0.5 miles to properties on right.
First Floor Master Bedroom: Monthly
Conservation Easement: No
Covenants: No Deed Restrictions
Deed Book: 120000251&120003657
Elementary School: Fairfield
Middle School: Maury River
High School: Rockbridge Co
Historic: No
Plat: Yes
POA: No
Road Maintenance Agreement: No
Rooms: 8
Subdivision? No
Tax Map #: 39-9-1 39-9-1A; 39-9-2
Tax Rate: $0.64/100
Zoning: Agricultural
Lot #: Monthly
Average Rental: 501 - 600
Rental Type: Monthly
Road Surface: Paved
INVESTMENT OPPORTUNITY: 8-unit residential rental portfolio centrally located in Fairfield, VA at I-81 exit 200 provides strong cash flow and high long-term occupancy. Over $47,000 of annual in-place rent with potential upside to rents with improvements. Three separate tax map parcels totaling 6.29 acres with long frontage on U.S. Rt. 11 provides exciting future redevelopment potential. The portfolio is comprised of the ''Black and White Cabins'' property, featuring one single family cabin and two duplexes, and the ''Conners'' property, offering a large single family brick residence and two singlewide manufactured homes. Property is sold AS IS with qualified buyers strongly encouraged to conduct due diligence prior to a contract.
Updated: 7/21/25
Status: Active
Courtesy of James Wm. Moore Real Estate Co.
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