NOT LISTED FOR SALE

1120 River Oak Dr Forest, VA 24551

-- Bed
-- Bath
-- Sq Ft
314,939 Sq Ft Lot

Last Sold May 05, 2025

Last sale price $2,000,000

49 Days on Market

About This Home

As of May 2025

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.

Last Agent to Sell the Property

Travis Hundt

Cornerstone Realty Group Inc. License #0225249874 Listed on: 11/10/2024

Last Buyer's Agent

Travis Hundt

Cornerstone Realty Group Inc. License #0225249874 Listed on: 11/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,544

Year Built

  • Built in 1984

Lot Details

  • 7.23 Acre Lot

Interior Spaces

  • Paneling
  • Carpet

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Heat Pump System
  • Water Heater
  • Septic Tank

Community Details

  • Net Lease
  • Insurance Expense $5,487
  • Water Sewer Expense $4,050
  • New Taxes Expense $5,544
  • Gross Income $193,680

Listing and Financial Details

  • The owner pays for trash removal, water
  • Assessor Parcel Number 135-38-28

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,544

Year Built

Built in 1984

Lot Details

7.23 Acres

Listing Details

  • Directions: Bellevue then right on Great Oak Dr the left on Willow Oak Dr and left on River Oak Dr.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1984
  • Garage Yn: No
  • Taxes Expense: 5544.00
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 193680.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Other
  • Walls: Drywall, Paneling

Garage/Parking

  • Parking Features: Off Street Parking, Parking Lot, Paved Drive

Utilities

  • Utility Electric: Southside Elec CoOp
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Water Heater: Individual
  • Heating: Heat Pump
  • Water Source: County

Fee Information

  • Annual Water Sewer Expense: 4050.00

Schools

  • Junior High Dist: Bedford

Lot Info

  • Acres: 7.2300
  • Lot Size Sq Ft: 314939.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 135-38-28
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: 1 Year Lease
  • Owner Pays: Trash Removal, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 5544

Multi Family

  • Number Of Units Total: 17
  • Existing Lease Type: Net
  • Insurance Expense: 5487.00
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Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2025 05/05/25 Sold $2,000,000 0.0% --
02/18/2025 02/18/25 Price Changed $2,000,000 -14.9% --
12/29/2024 12/29/24 Pending -- -- --
11/10/2024 11/10/24 For Sale $2,350,000 -- --
Source: Lynchburg Association of REALTORS®

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Travis Hundt

    Cornerstone Realty Group Inc.

    (434) 401-5708

    41 Total Sales

    Travis Hundt
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 355711

Virginia Bedford County Forest 24551

1120 River Oak Dr, Forest, VA

Not Listed for Sale

MultiFamily

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