221 Lee St #NA, Richlands, VA 24641

Attention Investors and aspiring Landlords!: This is a perfect opportunity to buy a foreclosed property with 10 rental units at a low price! This property can become a stable, income producing property with a little work and vision. The property sits in a great neighborhood in the town of Richlands, Seconds from anywhere your future tenants need to be. This makes the location hard to beat. It is priced WELL BELOW HALF of its actual tax appraisal. Past sales of this property have shown it to be worth far more than the price it is being offered at. All 10 units are currently vacant and ready for you to fix them to fit your taste. Estimates of potential rent is 500-600. There are 5 *2 bedroom units and 5 *1 bed efficiency units. Some are larger than others but all have individual access from the street or back parking lot. The exterior is dryvit with a brick foundation. With a little work, these could be really charming. The 20s architecture is definately unique to any other type of investment property like it. This could be a flagship investment property for someone willing to take the project on and bring them back to their full potential as most of the work to be done is cosmetic. This is an incredible opportunity if you have what it takes to own and care for such a great investment property. Unlike other types of rentals, properties like this rent far easier and can be a great supplemental income. Once paid off, they can be retirement investments BY THEMSELVES with the income it could produce. The possibility to condo each unit could be looked into to sell individually. Currently it is under one deed. Shown by appointment only. All information deemed correct, buyer or buyer's agent to verify information. Property being sold as is where is. Owner makes no representations as to the propertys' condition