NOT LISTED FOR SALE

115 Faye St Wytheville, VA 24382

4 Beds
-- Bath
2,560 Sq Ft
8,712 Sq Ft Lot

Last Sold March 07, 2022

Last sale price $135,000 $53 Per Sq Ft

61 Days on Market

Highlights

  • Paneling
  • Shed
  • Carpet
  • Scott Memorial Middle School Rated A-
  • Baseboard Heating

About This Home

As of March 2022

Cash Cow 4-plex with strong income and rental history located within walking distance to Food Lion, Rural King, and Wytheville Community College. Each unit consists of 1 bedroom 1 bath with separate electric meters. New insulated vinyl windows installed throughout in 2018. Currently listed at a 12.21% CAP Rate, this property allows for a great return on investment for years to come!

Last Agent to Sell the Property

Ryan Cummins

RE/MAX Landmark Real Estate Listed on: 09/16/2021

RE/MAX Landmark Real Estate

Last Buyer's Agent

Ryan Cummins

RE/MAX Landmark Real Estate Listed on: 09/16/2021

RE/MAX Landmark Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $714

Year Built

  • Built in 1960

Lot Details

  • 8,712 Sq Ft Lot
  • No Landscaping

Home Design

  • Quadruplex
  • Slab Foundation
  • Fire Rated Drywall
  • Metal Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 4 Bedrooms
  • 2,560 Sq Ft Home
  • Paneling
  • Insulated Windows
  • Oven or Range

Flooring

  • Carpet
  • Vinyl

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Shed
  • Rain Gutters

Schools

  • Spiller Elementary School
  • Scott Memorial Middle School
  • George Wythe High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $450

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $100
  • Gross Income $1,775
  • Net Operating Income $1,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$714

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • Directions: I 81 Exit 73, travel approximately 1 mile east on Main Street, turn right on Cassell Road, turn left on Longview Drive, right on Faye Street. Apartments on corner of Longview Drive and Faye Street, see sign.
  • Above Grade Finished Sq Ft: 2560
  • Structure Type: Up & Down, Side by Side
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator, Electric Water Heater, 1 Bdrm-Refrigerator
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Paneling
  • Living Area: 2560
  • Window Features: Insulated Windows

Exterior Features

  • Lot Features: No Landscaping
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Block, Vinyl Siding, Dry Wall
  • Exterior Features: Rain Gutters
  • Foundation Details: Slab
  • Other Structures: Shed(s)
  • Roof: Metal

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Gravel

Utilities

  • Laundry Features: Other
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Spiller
  • High School: George Wythe
  • Middle Or Junior School: Scott Memorial

Lot Info

  • Lot Size Sq Ft: 8712
  • Zoning: B-2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 1775
  • Insurance Expense: 100
  • Property Net Operating Income: 1475
  • Total Actual Rent: 450
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 713.77
  • Tax Map Number: 041A-039-0000-0002
  • Tax Year: 2018

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $135,000 -10.0% $53 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $150,000 -- $59 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ryan Cummins

    RE/MAX

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 80093

APN: 041A-039-0000-0002

Virginia Wythe County Wytheville 24382

115 Faye St, Wytheville, VA

This home is located at 115 Faye St, Wytheville, VA 24382 since 16 September 2021. This property was built in 1960. 115 Faye St is a home located in Wythe County with nearby schools including Spiller Elementary School, Scott Memorial Middle School, and George Wythe High School.

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