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Pending
  • $2,000,000

    1120 River Oak Dr, Forest, VA 24551

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Lvp flooringNew granite
    Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Several units have been recently renovated with new granite, cabinets and LVP flooring. Other major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage. All units are on one Deed and can not be separated. All units occupied under annual leases. Could possibly build additional units on the existing property.
    166 days
    on Zillow
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    39
    |
    1
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    Zillow last checked: 7 hours ago

    Listing updated: February 18, 2025 at 07:17am

    Listed by:

    Travis Hundt 434-401-5708 travis@thecornerstonerealty.com,

    Cornerstone Realty Group Inc

    Source: LMLS,MLS#: 355711MLS LogoOriginating MLS: Lynchburg Board of Realtors
    Travel times

    Facts & features

    Interior

    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Individual Water Heater, Unit 6(Refrigerator)
    • Laundry: Individual Laundry, Unit 6(Washer Hookup)
    Features
    • Flooring: Carpet, Other, Unit 6 Carpet
    • Has fireplace: Yes
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: Off Street, Parking Lot, Paved Drive
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Unit 6(Balcony/Patio)
    Lot
    • Size: 7.23 Acres
    Details
    • Foundation area: 0
    • Parcel number: 1353828

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Drywall, Paneling, Board & Batten Siding
    Condition
    • Year built: 1984

    Utilities & green energy

    • Electric: Southside Elec CoOp, Indiv Meter/Electric
    • Sewer: Septic Tank
    • Water: County
    • Utilities for property: Unit 6 Cable TV

    Community & HOA

    Location
    • Region: Forest

    Financial & listing details

    • Annual tax amount: $5,544
    • Date on market: 11/11/2024
    • Lease term: 12 Months
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