NOT LISTED FOR SALE

1171 W Lee Hwy Chilhowie, VA 24319

8 Beds
2 Baths
4,115 Sq Ft
0.29 Acres

Last Sold December 28, 2021

Last sale price $177,000 $43 Per Sq Ft

54 Days on Market

Highlights

  • Storm Windows
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • Chilhowie High School Rated 9+
  • Baseboard Heating

About This Home

As of December 2021

Investment Opportunity! Brick four-flex in the town limits of Chilhowie. These units consist of 2 bedrooms, 1.5 bathrooms and a laundry room in the basement. Current rent is $400 a month per unit. Tenants pay their own utilities. Priced to sell.

Last Agent to Sell the Property

Bryan Godwin

Godwin Realty LLC License #0225214082 Listed on: 09/08/2021

Last Buyer's Agent

Paul Hughes

Godwin Realty LLC License #0225251824

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,342

Year Built

  • Built in 1965

Lot Details

  • 0.29 Acre Lot
  • No Landscaping
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 4,115 Sq Ft Home
  • Carpet
  • Unfinished Basement
  • Laundry in Basement
  • Storm Windows

Kitchen

  • Oven
  • Stove
  • Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Schools

  • Chilhowie Elementary And Middle School
  • Chilhowie High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $400
  • Tax Lot 17-19

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $19,200
  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,342

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved
  • Directions: From I-81 N take exit 35. Turn left onto Whitetop Road. Turn left onto Lee Highway. Property is approximately 2 miles on the right.
  • Above Grade Finished Sq Ft: 4115
  • Structure Type: Side by Side
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Appliances: Oven, Cooktop, Electric Water Heater, 2 Bdrm-Stove, 2 Bdrm-Refrigerator
  • Has Basement: Unfinished
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 2025
  • Fireplace Features: None
  • Flooring: Carpet
  • Living Area: 4115
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: No Landscaping
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Brick, Dry Wall
  • Foundation Details: Block
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Utilities

  • Laundry Features: In Basement
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Chilhowie
  • High School: Chilhowie
  • Middle Or Junior School: Chilhowie

Lot Info

  • Lot Size Sq Ft: 12632.4
  • Zoning: B-2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 19200
  • Property Net Operating Income: 19200
  • Number Of Units Leased: 3
  • Total Actual Rent: 400
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1342.25
  • Tax Lot: 17-19
  • Tax Map Number: 53D2-3-17
  • Tax Year: 2020

Range of Values:

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Average Value
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List Price
Sold Price
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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
12/28/2021 12/28/21 Sold $177,000 -11.5% $43 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $199,900 -- $49 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bryan Godwin

    Seller's Agent in 2021

    Bryan Godwin

    Godwin Realty LLC

    (276) 685-1147

    13 in this area

    58 Total Sales

    Bryan Godwin
    Section Image

  • P

    Buyer's Agent in 2021

    Paul Hughes

    Godwin Realty LLC

    Section Image
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 79981

APN: 53D2-3-17

Virginia Smyth County Chilhowie 24319

1171 W Lee Hwy, Chilhowie, VA

This home is located at 1171 W Lee Hwy, Chilhowie, VA 24319 since 08 September 2021. This property was built in 1965. 1171 W Lee Hwy is a home located in Smyth County with nearby schools including Chilhowie Elementary School, Chilhowie Middle School, and Chilhowie High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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