284 Farmers Mountain RD, Gretna, VA 24557
$325,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
39,640
Status:
Closed
Current Price:
$325,000
List Date:
9/01/2025
Last Modified:
10/31/2025
Description
This single-level apartment building comprises 12 units, offering a blend of rental stability and potential for growth. Currently, 8 units are rented. Additionally, 2 units are vacant and renovated, promising future rental income without immediate renovation costs. The remaining 2 vacant units need renovation, presenting an opportunity to increase the building's value. Each apartment features an open layout between the kitchen and living area, creating a spacious feeling that appeal to tenants. This apartment building represents a great investment opportunity, combining immediate rental income, potential for increased returns, and the chance to add value through renovations. With the right vision, this property could become a cornerstone of a successful real estate portfolio.
More Information MLS# 914601
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.91
Present Use: Built-As
# Furnished: 0
# Unfurnished: 12
# Leased Units: 8
Gross Bldg SQFT: 4800
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
# Vehicle Spaces: 12
Gross Income: 35600
Year Built: 1993
Number of Units: 12
Operating Expense: 13939.47
Net Operating Income: 21660.53
Location, Tax & Legal
Major Area: 16 - Pittsylvania County
Phase: 0
Subdivision Map: Doss Coleman Est
Lot: 9 & 10
Block: 0
Tax ID: 2520-58-2754
Annual Taxes: 1041.6
Section: 0
Zoning Code: R1
POA Y/N: No
Area: 1600 - Pittsylvania County
Street Number: 284
Street Name: Farmers Mountain
Street Suffix: RD
State/Province: VA
Zip Code: 24557
Subdivision: N/A
Municipality: Pittsylvania County
Elementary School: Gretna Elementary
Middle School: Gretna Middle
High School: Gretna High
Remarks & Misc
Directions: From Route 40 turn onto Farmers Mountain Road, building is on the RIGHT.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Wood: 1
Basement
Slab: 1
Heating
Baseboard Electric: 1
Cooling
Window Unit(s): 1
Water Description
Private Well: 1
Sewer Description
Private Septic: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Owner Expenses
Trash Disposal: 1
Other - See Remarks: 1
Tenant Expenses
Cable TV: 1
Electricity: 1
Water: 1
Slr Pd Fin Concessns
Not Disclosed: 1
Contract Information
Current Price: $325,000
Sold Price: $325,000
List Date: 2025-02-25
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-09-01
Sold Date: 2025-10-30
Sold Price: $325,000
Property Features
Limited Service: Not Limited Service
Construction: Brick; Wood
Basement: Slab
Heating: Baseboard Electric
Cooling: Window Unit(s)
Water Description: Private Well
Sewer Description: Private Septic
Water Heater Type: Tank
Water Heater Energy: Electric
Owner Expenses: Trash Disposal; Other - See Remarks
Tenant Expenses: Cable TV; Electricity; Water
Slr Pd Fin Concessns: Not Disclosed
Listing Office: REAL BROKER LLC - MCLEAN
Last Updated: October - 31 - 2025
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