Multiple Family Home for sale by owner in Richwood, WV 26261. Located in the beautiful Cherry River Valley (the Cherry River flows into the Gauley River) and is surrounded by the Monongahela National Forest. This ~1700 sq ft house is a great piece of investment property, a get away (rent out only one of the apartments so you have a place to go whenever you desire). Or make the whole house your wonderful home. It is a substantial house with a solid foundation, a great location, and beautiful view. Buy this house and own it free and clear in ten years or less! Read on. This house is presently commercial (rental) property. Sale price is based upon this fact. It is presently set up and rented as a duplex. Changing it back to a single family home would be very easy and simple. Total rental income is presently $700.00/month ($8400.00/yr) and it could be increased. (HUD will pay over $450 for a single bedroom apartment and over $500.00 for a two bedroom apartment.) Multiplied over five years is $42,000
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