house w/d in unit license info: Licensed in VA eXp Realty, 276-254-2151, Realtor Brenda Thompson, Lebanon, VA 24266 Equal Housing Opportunity off-street parking
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Who else has been thinking about buying an investment property and getting rental income from it? You are not alone! Many folks, including realtors and loan officers, do this! Research shows if everything goes well, you can have a direct income stream and still own the property. And if the property is maintained and fixed up, you can earn even more rental income. It can add value witthout a significant cost. That is what this property can provide a smart investor. This land has a wooded area behind it and may offer you a chance to timber it. There are 3 modular buildings on the property. Two are for single families and have 1 bedroom, 1 bath, kitchen, laundry and living room. The third one has 2 efficiency units, each with 1 bedroom, kitchen and bath. These are modular units and have permanent foundations of cinderblock. All 3 modulars are ranch style which maximizes a vast number of folks who can rent it. Property owner has received 15,000 in rental income. Good location!
It is only a few minutes from the amenities in the town of Abingdon and near local schools. You can quickly pay off your mortgage on this property, and then you will have a direct income stream as long as you want or sell it and buy another property. Two of the modulars have some flowers and pretty plants. Modulars are currently being leased, so lease agreements will have to be honored.Some are on a month to month basis. Realtor not sure of which Internet provider each tenant has. Don't delay, call today!
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